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At the end of 2007, Lehnhoff Inc. had $75 million in cash. During 2008, the following events occurred: Cash flow from Lehnhoff's operating activities totaled
At the end of 2007, Lehnhoff Inc. had $75 million in cash. During 2008, the following events occurred: Cash flow from Lehnhoff's operating activities totaled $325 million. Lehnhoff issued $500 million in common stock. Lehnhoff's notes payable increased by $100 million. Lehnhoff purchased fixed assets totaling $600 million. How much cash did Lehnhoff Inc. have at the end of 2008? Select one: a. $1,400 million O b. $ 200 million c. $ 50 million d. $ 100 million e. $ 400 million Last year Aldrin Co. had negative cash flow from operation, yet its cash on the balance sheet increased. What could explain these events? Select one: a. The company had high depreciation expenses. b. The company repurchased some of its common stock. c. The company paid a large dividend. d. The company made a large investment in new plant and equipment. e. The company sold some of its fixed assets
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