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Upon review of Hani's statement of cash flows, the following was noted: Cash flows from operating activities $80 000 Cash flows from investing activities (145
Upon review of Hani's statement of cash flows, the following was noted:
Cash flows from operating activities | $80 000 |
Cash flows from investing activities | (145 000) |
Cash flows from financing activities | 135 000 |
From this information, the most likely explanation is that Hani is:
Select one:
using cash from operations and selling long-term assets to pay back debt
using cash from investors to provide for operations
using its profits to expand growth
using cash from operations and borrowing to purchase long-term assets
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