Assume that you are evaluating the Statement of Cash Flows for a start$-$up company that has recently started business. What pattern of cash flows would you generally expect to see?

Multiple Choice

Negative cash flows for operating, investing, and financing activities.

Negative cash flows for operating and financing activities; positive cash flows for investing activities

Negative cash flows for operating and investing activities; positive cash flows for financing activities

Negative cash flows for operating activities; positive cash flows for investing and financing activities