Question
statement of cash flows shows negative net cash used by operating activities, positive net cash provided by investing activities, positive net cash by financing, and
statement of cash flows shows negative net cash used by operating activities, positive net cash provided by investing activities, positive net cash by financing, and no overall change in net cash for the year. Which is true?
None
The company must be purchasing more long-term investments than it is selling because the net cash provided by investing activities is positive.
The company appears to have a very healthy cash flow and it should continue to use a similar cash flow plan in the future.
The company must be paying back more to finances than it is getting from them because the net cash provided by financing activities is positive.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started