Multiple Choice
What is the most likely conclusion for a firm whose statement of cash flows shows an increase in cash balances and has negative cash flows from both operations and financing?
A) The firm has low depreciation expense.
B) The firm did not pay any dividends.
C) The firm sold more equipment than it purchased.
D) The firm has a low interest rate on its debt.
Correct Answer:
Verified
Correct Answer:
Verified
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