ASAP

Which of the following is true for the statement of cash flows? It reflects cash generated and used during the reporting perlod. It refiects revenues when eamed. Three categories of activitios (operating, Investing, and financing) generate or use the cash flow in a company. In the following table, identify which type of activity is described by each statement. During the last year, Globo-Chem Co. generated $702 malion in cash flow from operating activities and had negative cash flow generated from investing activites ( $384 million). At the end of the first veat, Clobo-Chem Co. had $120 million in cash on its balance sheet, and the firm had $380 milion in cash at the end of the socond year. What was the firm's cash flow (CF) due to financing activities in the second year? $43.50 milition $72.50 million $58.00 million investing activities ( $384 million). At the end of the first year, Globo-Chem Co. had $120 million in cash on its balance sheet, and the firm had $380 million in cash at the end of thecond year. What was the firm's cash flow (CF) due to financing activities in the second year? $43.50 million $72.50 million -558.00 milition $29.00 million