Multiple Choice
Which of the following factors would explain how a company's cash balance could have increased even though the company had a negative cash flow last year?
A) The company sold a new issue of bonds.
B) The company made a large investment in a new plant and equipment.
C) The company paid a large dividend.
D) The company had high depreciation expenses.
E) The company repurchased 20% of its common stock.
Correct Answer:
Verified
Correct Answer:
Verified
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