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Which of the following is true for the statement of cash flows? O It reflects revenues when earned. It reflects cash generated and used during
Which of the following is true for the statement of cash flows? O It reflects revenues when earned. It reflects cash generated and used during the reporting period. Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the following table, identify which type of activity is described by each statement. Operating Activity Investing Activity Financing Activity Yum Co. uses cash to repurchase 10% of its common stock. O O D and W Co. sells its last season's inventory to a discount store. O O O DigiInk Printing Co. buys new machinery to ramp up its production capacity. O A company records a loss of $70,000 on the sale of its outdated inventory. O O During the last year, Len Corp. generated $1,170.00 million in cash flow from operating activities and had negative cash flow generated from investing activities (-640.00 million). At the end of the first year, Len Corp. had $200 million in cash on its balance sheet, and the firm had $280 million in cash at the end of the second year. What was the firm's cash flow (CF) due to financing activities in the second year? O $337.50 million O $-450.00 million O $562.50 million O $-225.00 million
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