Upon review of Bert's statement of cash flows, the following was noted: Cash flows from operating activities $ 60,000 Cash flows from investing activities (125,000) Cash flows from financing activities 115,000 From this information, the most likely explanation is that Bert is:
A) using cash from operations and selling long-term assets to pay back debt.
B) using cash from operations and borrowings to purchase long-term assets.
C) using its profits to pay back debt.
D) using cash from investors to provide for operations.
B
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What will be an ideal response?
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A) conclusions B) deductions C) assumptions D) facts