Which company shown below is likely a start-up company rather than an established company? Give reasons for

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Which company shown below is likely a start-up company rather than an established company? Give reasons for your answer.
Company X Company Y
Cash inflow (outflow)-operating activities............$ (10,000) ................$50,000
Cash inflow (outflow)-investing activities............ (100,000) ..................30,000
Cash inflow (outflow)-financing activities................80,000.................(20,000)
Income (loss) for the year......................................20,000..................20,000
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Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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