Which of the Following Cash Flow Patterns Do Rapidly Growing

Which of the following cash flow patterns do rapidly growing start-up companies follow?

A) Cash reserves are being used to finance operating shortfalls and pay long-term creditors and investors
B) Cash is being borrowed to cover cash shortages from operations and to purchase fixed assets
C) Cash generated by operations is used to buy fixed assets and pay down debt
D) Operating cash flow shortages are covered from the sale of fixed assets, borrowing, or stockholder contributions