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Firm A and Firm B have the following cash flows: Cash flowsfrom:(in000's) Firm A Firm B Operating Activities $50,000 $(50,000) Investing Activities (40,000) 10,000 Financing
Firm A and Firm B have the following cash flows:
Cash flowsfrom:(in000's)
Firm A
Firm B
Operating Activities
$50,000
$(50,000)
Investing Activities
(40,000)
10,000
Financing Activities
90,000
50,000
Net increase in cash
$100,000
$10,000
Which firm appears to be purchasing long-term assets?
Group of answer choices
Firm B
Neither firm
Firm A
Both firms
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