Upon Review of Jan's Lakeside Resort Statement of Cash Flows $\$ 35,000$

question 22

Multiple Choice

Upon review of Jan's Lakeside Resort statement of cash flows, the following was noted: Cash flows from operating activities Cash flows from investing activities
$\$ 35,000$
Cash flows from financing activities
$( 125,000 )$ From this information, the most likely explanation is that Jan is

• A) using cash from operations and selling long-term assets to pay back debt
• B) using cash from operations and borrowing to purchase long-term assets.
• C) using its profits to expand growth.
• D) using cash from investors to provide for operations.

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Definitions:

Chi-Square

A statistical test used to determine if a significant relationship exists between two variables in a contingency table.

Values Expected

The anticipated or predicted outcomes based on specific conditions or data.

Chi-Square Test

A statistical test used to determine the likelihood of observed frequencies in a categorical dataset differing by chance from expected frequencies.

Nominal and Ordinal

Pertaining to the types of data measurement scales; nominal scale categorizes data without a numerical order, while ordinal scale organizes data in a specific, ranked order.