Question
Elkin Company reported the following in its Statement of cash Flows for 2014: Cash Flows from operations ($35,000) Cash Flows from investing activities ($20,000) Cash
Elkin Company reported the following in its Statement of cash Flows for 2014: Cash Flows from operations ($35,000) Cash Flows from investing activities ($20,000) Cash Flows from financing activities +$115,000 Net increase in cash +$60,000 Which of the following is a possible description of the companys results? Group of answer choices The company issued bonds to generate funds for its operations and investments in stock The company sold Investments in stock and Treasury Stock to fund its operations The company generated cash from operations to fund Investments in Stock as well as purchase of Treasury Stock The company sold Investments in Stock to fund its operations and purchase of Treasury Stock
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