Which of the Following Factors Could Explain Why Michigan Energy's

question 81

Multiple Choice

Which of the following factors could explain why Michigan Energy's cash balance increased even though it had a negative cash flow last year?

• A)The company sold a new issue of bonds.
• B)The company made a large investment in new plant and equipment.
• C)The company paid a large dividend.
• D)The company had high depreciation expenses.
• E)The company repurchased 20% of its common stock.