Myert Company
Upon reviewing Myert Company's statement of cash flows, the following was noted:
$$\begin{array} { l }
\text { Cash flows from operating activies } &\$60,000\
\text { Cash flows from investing activities }&(125,000)\
\text { Cash flows from financing activities }&115,000
\end{array}$$
-Refer to the figure Myert Company.From this information,which of the following statements reflects the company's activities?

Question

Myert Company
Upon reviewing Myert Company's statement of cash flows, the following was noted:
 $$\begin{array} { l } 
\text { Cash flows from operating activies } &\$60,000\
\text { Cash flows from investing activities }&(125,000)\
\text { Cash flows from financing activities }&115,000
\end{array}$$
-Refer to the figure Myert Company.From this information,which of the following statements reflects the company's activities?

Quizplus · Accepted Answer

The company is using cash generated from operations (positive cash flow from operating activities) and additional borrowing (indicated by an increase in financing activities) to invest in long-term assets (as shown by the cash flow used in investing activities).

Myert Company Upon Reviewing Myert Company's Statement of Cash Flows

Myert Company
Upon Reviewing Myert Company's Statement of Cash Flows