Solved

Use the Table for the Question(s) Below  AOS Industries Statement of Cash Flows for 2012\text { AOS Industries Statement of Cash Flows for } 2012

Question 21

Multiple Choice

Use the table for the question(s) below.
 AOS Industries Statement of Cash Flows for 2012\text { AOS Industries Statement of Cash Flows for } 2012
 Operating activities  Net Income 3.2 Depreciation and amortisation 1.4 Cash effect of changes in  Accounts receivable 2.1 Accounts payable 1.1 Inventory 0.8 Cash from operating activities 2.8 Investment activities  Capital expenditures 2.2 Acquisitions and other investing activity 0.4 h from investing activities 2.6 Financing activities  Dividends paid 1.5 Sale or purchase of stock 2.1 Increase in short-term borrowing 1.4 Increase in long-term borrowing 3.2 Cash from financing activities 5.2 Change in Cash and Cash Equivalents 5.4\begin{array}{l}\text { Operating activities }\\\text { Net Income } & 3.2 \\\text { Depreciation and amortisation } & 1.4 \\\text { Cash effect of changes in } & \\\text { Accounts receivable } & 2.1 \\\text { Accounts payable } & 1.1 \\\text { Inventory } & 0.8 \\\text { Cash from operating activities } & 2.8 \\\hline\\\text { Investment activities }\\\text { Capital expenditures } & 2.2 \\\text { Acquisitions and other investing activity } & -0.4 \\\text { h from investing activities } & 2.6\\\hline\\\text { Financing activities }\\\text { Dividends paid } & -1.5 \\\text { Sale or purchase of stock } & 2.1 \\\text { Increase in short-term borrowing } & 1.4 \\\text { Increase in long-term borrowing } & 3.2 \\\text { Cash from financing activities } & 5.2 \\\hline \text { Change in Cash and Cash Equivalents } & \mathbf{5 . 4}\end{array}
-Consider the above statement of cash flows. What were AOS Industries' major means of raising money in 2012?


A) by sale of stock
B) from its operations
C) by issuing debt
D) from investment activities

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents