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Upon review of Take a Hike's Statement of Cash Flows, the following was noted: Cash Flows from Operating Activities Cash Flows from Investing Activities
Upon review of Take a Hike's Statement of Cash Flows, the following was noted: Cash Flows from Operating Activities Cash Flows from Investing Activities ($4,000) ($14,000) $19,000 Cash Flows from Financing Activities From this information, the most likely explanation is that Take a Hike 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 to purchase long-term assets and pay dividends. D. assuming long term-debt and selling long-term assets to fund operations. E. using cash from operations and issuing common stock to purchase long-term assets.
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