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The following information was reported by three competitors: Cash flows provided (used by) operating activities Cash flows provided (used by) investing activities Proceeds from sale
The following information was reported by three competitors: Cash flows provided (used by) operating activities Cash flows provided (used by) investing activities Proceeds from sale of plant assets Purchase of plant assets Cash flows provided (used by) financing activities Proceeds from issuance of debt Repayment of debt Net increase in cash Armor Biloxi Armor $ (3,000) (6,000) $ 20,000 The company(s) most capable of generating future cash flows is (are): Calliope O Armor and Biloxi 29,000 Biloxi $ (5,000) 20,000 10,000 (5,000) $ 20,000 Calliope $ 75,000 (40,000) (15,000) $ 20,000
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