Last year Aldrin Co. had negative net cash flow, yet its cash on the balance sheet increased.

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Last year Aldrin Co. had negative net cash flow, yet its cash on the balance sheet increased. What could explain these events?

a. Aldrin issued long-term debt.

b. Aldrin repurchased some of its common stock.

c. Aldrin sold some of its assets.

d. Statements a and b are correct.

e. Statements a and c are correct.

Related Book For answer-question

Financial Accounting The Impact on Decision Makers

ISBN: 978-1305793194

10th edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Apr 03, 2022 11:40 AM

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Last year Aldrin Co. had negative net cash flow, yet its cash on the balance sheet increased.

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Expert Answer:

Option E The overall cash flows for a company are determined by u... View the full answer

Financial Accounting The Impact on Decision Makers

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