Sam\'s Motels\' operations provided a negative net cash flow last year, yet the
ID: 2612842 • Letter: S
Question
Sam's Motels' operations provided a negative net cash flow last year, yet the cash shown on its balance sheet increased. Which of the following statements could explain the increase in cash, assuming the company's financial statements were prepared under generally accepted accounting principles?
The company had high depreciation expenses.
The company repurchased some of its common stock.
The company dramatically increased its capital expenditures.
The company retired a large amount of its long-term debt.
The company sold some of its fixed assets.
The company had high depreciation expenses.
The company repurchased some of its common stock.
The company dramatically increased its capital expenditures.
The company retired a large amount of its long-term debt.
The company sold some of its fixed assets.
Explanation / Answer
ANSWER:
Answer is 5 . The Company sold some of its fixed Assets.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.