accounting - homework financial accounting?

[Eric Ahlers]

Finals next week & i'd appreciate any help with these study questions!

#1
Cash flows from issuing and repurchasing stock or issuing and repaying (retiring) debt are classified as
a)operating activities.
b)investing activities.
c)financing activities.
d)borrowing activities.


#2
Upon review of Dave's Statement of Cash Flows, the following was noted:
Cash flows from operating activities
$15,000
Cash flows from financing activities
(60,000)
Cash flows from investing activities
80,000


From this information, the most likely explanation is that Bart is
a)using cash from operations and selling long-term assets to pay back debt.
b)using cash from operations and borrowing to purchase long-term assets.
c)using its profits to expand growth.
d)using cash from investors to provide for operations

 

[Homeworkeasy11]

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