Upon review of dale\'s statement of cash flows, the following was noted: Cash fl
ID: 2347464 • Letter: U
Question
Upon review of dale's statement of cash flows, the following was noted:Cash flows from operating activities $75,000
Cash flows from investing activities (135,000)
Cash flows from financing activities $125,000
From this information, the most likely explanation is that dale is
a. using cash from operations and selling long-term assets to pay back debt
b. using cash from operations and borrowing to purchases long-term assets.
c. using its profits to expand growth.
d. using cash from investors to provide for operations.
Explanation / Answer
d. using cash from investors to provide for operations.