During the introductory phase of a companys life cycle, one would normally expect to see: LO11 (a)

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During the introductory phase of a company’s life cycle, one would normally expect to see: LO11

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

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

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

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

Use the direct method to solve Questions 16 and 17.

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