Question
Upon review of Anti Coronas 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 Coronas 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 | ($19,000) |
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.
using cash from operations to purchase long-term assets and pay dividends.
C.
issuing stock to fund operations and purchase long-term assets.
D.
using cash from operations and issuing common stock to purchase long-term assets.
E.
assuming long term-debt to fund operations and purchase long-term assets.
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