When you first started your property management business, your accountant told you that a negative cash flow is often the main cause of small business failure. Keeping that in mind, you want to measure cash flow for your first year of operations. In preparing your cash flow statement, you make the following observations: Your cash flow from operating activities was a positive $25,000 because you made a net profit of $35,000 and paid off the $10,000 beginning balance in accounts payable.. Your cash flow from investing activities was a positive $15,000, due to the sale of a company maintenance truck you no longer use. Your cash flow from financing activities was a negative $45,000, due to the repayment of a loan you took out when starting the company.

Based upon your observations, you conclude

a. you need additional information before you can calculate your cash flow.

b. your cash flow remained unchanged.

c. you had a negative cash flow during the year.

d. you had a positive cash flow during the year