Question: Which company shown below is likely a start-up company rather than an established company? Give reasons for your answer. Company X Company Y Cash inflow
Which company shown below is likely a start-up company rather than an established company? Give reasons for your answer.
Company X Company Y
Cash inflow (outflow)-operating activities............$ (10,000) ................$50,000
Cash inflow (outflow)-investing activities............ (100,000) ..................30,000
Cash inflow (outflow)-financing activities................80,000.................(20,000)
Income (loss) for the year......................................20,000..................20,000
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In this example Company X would be considered a startup for the following reasons 1 The cas... View full answer
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