eBook Ask References Knowledge Check 01 The following information was reported by three competitors: Cash flows provided (used by) operating activities Cash flows provided (used by) investing activities Proceeds from sale of plant assets Purchase of plant assets Cash flows provided (used by) financing activities Proceeds from issuance of debt Repayment of debt Net increase in cash O Armor O Biloxi O Calliope Armor $ (3,000) 29,000 The company(s) most capable of generating future cash flows is (are): Armor and Biloxi (6,000) $ 20,000 Biloxi $ (5,000) 20,000 10,000 (5,000) $ 20,000 Calliope $ 75,000 (40,000) (15,000) $ 20,000

eBook Ask References Knowledge Check 01 The following information was reported by three competitors: Cash flows provided (used by) operating activities Cash flows provided (used by) investing activities Proceeds from sale of plant assets Purchase of plant assets Cash flows provided (used by) financing activities Proceeds from issuance of debt Repayment of debt Net increase in cash Armor The company(s) most capable of generating future cash flows is (are): O Armor O Biloxi O Calliope O Armor and Biloxi Biloxi Calliope $ (3,000) $ (5,000) $ 75,000 29,000 20,000 (40,000) (6,000) $ 20,000 10,000 (5,000) $ 20,000 (15,000) $ 20,000