Last year Roussakis Company's operations provided a negative net cash flow, yet thecash shown on its balance sheet increased. What action could explain the increase incash, assuming the company's financial statements were prepared under IFRS?a. The company repurchased some of its common stock.O b. The company retired a large amount of its long-term debt.O c. The company sold some of its fixed assets.O d. The company had high depreciation expenses.

The cash flow statement is prepared at the end of the period to know the cash position. It reflects…

Last year Roussakis Company's operations provided a negative net cash flow, yet the cash shown on its balance sheet increased. What action could explain the increase in cash, assuming the company's financial statements were prepared under IFRS?

Last year Roussakis Company's operations provided a negative net cash flow, yet the cash shown on its balance sheet increased. What action could explain the increase in cash, assuming the company's financial statements were prepared under IFRS?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Last year Roussakis Company's operations provided a negative net cash flow, yet the
cash shown on its balance sheet increased. What action could explain the increase in
cash, assuming the company's financial statements were prepared under IFRS?
a. The company repurchased some of its common stock.
O b. The company retired a large amount of its long-term debt.
O c. The company sold some of its fixed assets.
O d. The company had high depreciation expenses.

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