Year ending December 31	2021	2020	2019
Cash flow from operations	5,000	-5,000	-25,000
Cash flow from investing	-10,000	-25,000	-50,000
Cash flow from financing	35,000	75,000	150,000
Net change in cash	30,000	45,000	75,000
Cash, beginning of year	120,000	75,000	0
Cash, end of year	150,000	120,000	75,000
Profit (Loss) for the year	1,000	(8,000)	(35,000)

which section of the cash flow statement is considered the most important? Why? a) the change in cash, because it shows the year-over-year difference b) investing, because it shows how much the company has spent on long-lived assets c) operating, because it is the only sustainable source of cash d) All are considered equally important. e) financing, because it shows how much the company has borrowed Question 40 (1 point) Which life-cycle stage was the business most likely in, back in 2019? a) maturity Ob) start-up c) growth d) decline e) either growth or start-up Question 41 (1 point) Which life-cycle stage is the business most likely in by 2021? a) decline Ob) growth Oc) either maturity or growth d) start-up e) maturity