During the introductory phase of a company’s life cycle, one would normally expect to see:

(a) negative cash from operations, negative cash from investing, and positive cash from financing.

(b) negative cash from operations, positive cash from investing, and positive cash from financing.

(c) positive cash from operations, negative cash from investing, and negative cash from financing.

(d) positive cash from operations, negative cash from investing, and positive cash from financing.

Questions 10 through 12 apply only to the indirect method.