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Upon review of Kmart 's statement of cash flows for year 2019, the following was noted: Cash flows from operating activities$15000 Cash flows from investing
Upon review of Kmart 's statement of cash flows for year 2019, the following was noted:
Cash flows from operating activities$15000
Cash flows from investing activities$70,000
Cash flows from financing activities-50,000 (negative)
From this information, the most likely explanation is that Kmart is using:
c. profits to expand growth
b. cash from operations and borrowing to purchase non-current assets
a. cash from operations and selling non-current assets to pay back debt
d. cash from investors to provide for operations
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