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
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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

 

Depreciation expense increased

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