Natural Market's statement of cash flows showed the following totals: Which statement most likely explains what occurred during the year?
A) Natural Market is using cash from operations and borrowing money from the bank to buy long-term assets.
B) Natural Market is using its profits in order to sell plant assets and repay debt.
C) Natural Market is using cash from the sale of long-term assets to fund its operations and to repay debt.
D) Natural Market is selling long-term assets and borrowing cash to fund operations.
Correct Answer:
Verified
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