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Upon Review of Jerry's Canoe Gallery Statement of Cash Flows $75,000\quad \$ 75,000

Question 62

Multiple Choice

Upon review of Jerry's Canoe Gallery statement of cash flows, the following was noted: Cash flows from operating activities $75,000\quad \$ 75,000
Cash flows from investing activities (135,000) \quad ( 135,000 )
Cash flows from financing activities 125,000\quad 125,000 From this information, the most likely explanation is that Jerry is


A) using cash from operations and selling long-term assets to pay back debt.
B) using cash from operations and borrowing to purchase long-term assets.
C) using its profits to expand growth.
D) using cash from investors to provide for operations.

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