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Which of the following factors would explain how a company's cash balance could have increased even though the company had a negative cash flow last year?
a) The company sold a new issue of bonds.
b) The company made a large investment in a 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.

Sagot :

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