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Upon review of Habibs statement of cash flows, the following was noted: Cash flows from operating activities$15 000 Cash flows from investing activities70 000 Cash
Upon review of Habibs statement of cash flows, the following was noted:
Cash flows from operating activities$15 000
Cash flows from investing activities70 000
Cash flows from financing activities(50 000)
From this information, the most likely explanation is that Habib is using:
A.cash from investors to provide for operations
B. cash from operations and selling non-current assets to pay back debt
C. cash from operations and borrowing to purchase non-current assets
D. Profits to expand growth
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