Quiz – Michigan Energy’s cash balance

Fundamentals of Financial Management, Concise

Brigham and Houston

09th Edition and 10th Edition

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Which of the following factors would explain why Michigan Energy's cash increased if it had a negative cash flow last year?
a. The company sold a new issue of bonds.
b. The firm heavily invested in plant and equipment.
c. The firm paid an enormous dividend.
d. The firm incurred high depreciation charges.
e. The company repurchased 20% of its stock.

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