Question
Upon review of Anti Corona's Statement of Cash Flows, the following was noted: Cash Flows from Operating Activities ($5,000) Cash Flows from Investing Activities $15,000
Upon review of Anti Corona's Statement of Cash Flows, the following was noted:
Cash Flows from Operating Activities | ($5,000) |
Cash Flows from Investing Activities | $15,000 |
Cash Flows from Financing Activities | ($6,000) |
From this information, the most likely explanation is that Anti Corona is
A.
using cash from operations and selling long-term assets to pay back long-term debt.
B.
issuing stock to fund operations and purchase long-term assets.
C.
using cash from operations and issuing common stock to purchase long-term assets.
D.
assuming long term-debt to fund operations and purchase long-term assets.
E.
selling long-term assets to fund operations and pay dividends.
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