Question:
Looking forward to next year, if Chester's current cash amount is $17,478 (000) and cash flows from operations next period are unchanged from this period and Chester takes ONLY the following actions relating to cash flows from investing and financing activities:
Issues $2,000 (000) of long-term debt
Pays $4,000 (000) in dividends
Retires $10,000 (000) in debt
Which of the following activities will expose Chester to the most risk of needing an emergency loan?
Select: 1
Sells $7,000 (000) of long-term assets
Issues 100 (000) shares of common stock
Repurchases $10,000 (000) of stock
Purchases assets at a cost of $15,000 (000)