Howe industries reported a positive cash flow from operations on its cash flow statement, yet cash on the balance sheet decreased relative to the prior year's balance. Which of the following could explain this? Question 11 options: The company issued long-term debt The company issued new common stock The company made a large investment in fixed assets Depreciation expense increased
Howe industries reported a positive cash flow from operations on its cash flow statement, yet cash on the balance sheet decreased relative to the prior year's balance. Which of the following could explain this? Question 11 options: The company issued long-term debt The company issued new common stock The company made a large investment in fixed assets Depreciation expense increased
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter16: Statement Of Cash Flows: Another Look
Section: Chapter Questions
Problem 17P
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Howe industries reported a positive cash flow from operations on its cash flow statement, yet cash on the balance sheet decreased relative to the prior year's balance. Which of the following could explain this?
Question 11 options:
|
The company issued long-term debt |
|
The company issued new common stock |
|
The company made a large investment in fixed assets |
|
|
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