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QUESTION
Upon review of Susan's Statement of Cash Flows, the following was noted:
Upon review of Susan's Statement of Cash Flows, the following was noted:
Cash flows from operating activities$75,000Cash flows from investing activities(135,000)Cash flows from financing activities125,000From this information, the most likely explanation is that Susan is:
a.Using cash from investors to provide for operations.
b.Using cash from operations and borrowing to purchase long-term assets.
c.Using its profits to expand growth.
d.Using cash from operations and selling long-term assets to pay back debt.
