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Use the Statement of Cash Flows for the Buckeye Company for 2019 to answer the following question Buckeye Company Consolidated Statement of Cash Flows Year
Use the Statement of Cash Flows for the Buckeye Company for 2019 to answer the following question Buckeye Company Consolidated Statement of Cash Flows Year Ended December 31, 2019 (amounts in thousands) $ 40,754 10,771 Cash flows from operating activities Net income Adjustments to reconcile net income to cash flow from operating activities: Depreciation and amortization Changes in assets and liabilities Accounts receivable Inventory Accounts payable Net cash provided by operating activities Cash flow from investing activities: Purchases of property, plant, and equipment (6,297) 1,319 3.878 50,425 (11,389) (9,438) . vvvv v uvvo vs pivvy, put, uu Net cash used in investing activities Cash flows from financing activities: Payment of principal on long-term debt Payment of cash dividends Proceeds from issuance of stock Net cash used in financing activities Net change in cash and cash equivalents: Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period (191) (107,314) 4,324 (103,181) (62,194) 69,566 $ 7,372 Which of the following is FALSE for the year ended December 31, 2019? Wolverine spent less cash on buying property, plant, and equipment than it raised from selling property, plant, and equipment. O Wolverine's Accounts Payable increased over the year. O Wolverine issued more more stock than it bought back. Wolverine's cash decreased $62,194
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