ACCOUNTING MULTIPLE CHOICE:

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June Co. had the following totals in its statement of cash flows for the year: Operating Activities $100,000 Investing Activities 20,000 Financing Activities (40,000) Which of the following statements is most likely true based on the above information O A. June Co. issued more debt than it repaid. O B. June Co. had non-cash financing and investing activities. O C. June Co. is not able to meet its cash flow needs from current operations o. sold long term asse