Multiple Choice
Brandon's Boot Shop is paying off its long-term debt from the bank loan Brandon secured to open the business several years ago. What does this scenario indicate?
A) Brandon's Boot Shop has a positive amount of cash from financing activities.
B) Brandon's Boot Shop has a negative amount of cash from financing activities.
C) Brandon's Boot Shop is going out of business.
D) Brandon's Boot Shop has a negative amount of cash from operating activities.
E) Brandon's Boot Shop has a positive amount of cash from investing activities.
Correct Answer:
Verified
Correct Answer:
Verified
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