ThisIsMyBiz Inc. has been your business for the past several years. You have put together your cash flow statements for the past 3 years to get a better idea of how your business is managing cash flow.

Year ending December 31	2021	2020	2019
Cash flow from operations	5,000	-5,000	-25,000
Cash flow from investing	-10,000	-25,000	-50,000
Cash flow from financing	35,000	75,000	150,000
Net change in cash	30,000	45,000	75,000
Cash, beginning of year	120,000	75,000	0
Cash, end of year	150,000	120,000	75,000
Profit (Loss) for the year	1,000	(8,000)	(35,000)

Question 1: Which life cycle stage was the business most likely in 2019?

a) start up b) growth c) either growth or start up d) maturity e) decline

Question 2: Which life cycle stage was in by 2021?

A) either maturity or growth b) growth c) maturity d) start up e) decline

Question 3: Cash flow from investing has become less negative in 2021, which of the following transactions can cause investing cash flow to increase?

a) lower depreciation expense

b) receiving from contributions

c) purchase long lived assets

d) borrow from bank

e) lower dividends

f) disposal of long lived assets