Harmonious foods statement of cash flows showed the


Harmonious Foods' statement of cash flows showed the following totals:

Cash for operating activities                                   ($65000)

Cash from financing activities                                41000

Cash from investing activities                                32000

Which statement most likely explains what occurred during the year?

A. Harmonious Foods is using cash from operations and borrowing money from the bank to buy long-term assets

B. Harmonious Foods is using its profits in order to sell plant assets and repay debt

C. Harmonious Foods is using money from the sale of long-term assets to fund its operations and to repay debt.

D. Harmonious Foods is selling long-term assets and borrowing money to fund operations

Solution Preview :

Prepared by a verified Expert
Finance Basics: Harmonious foods statement of cash flows showed the
Reference No:- TGS02553421

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)