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Upon reviewing Mack's Truck Scoop's Statement of Cash Flows, the following was noted: Cash flows from operating activities $15,000 Cash flows from investing activities 70,000
Upon reviewing Mack's Truck Scoop's Statement of Cash Flows, the following was noted: Cash flows from operating activities $15,000 Cash flows from investing activities 70,000 Cash flows from financing activities (50,000) From this information, the most likely explanation is that this company is using cash from investors to provide for operations using its profits to expand growth. using cash from operations and selling long-term assets to pay back debt. using cash from operations and borrowing to purchase long-term assets. The matching convention assigns ____ to the related _____. liabilities; assets assets; shareholders' equity revenues; revenues assets; liabilities expenses; revenues
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