FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The information in the table is from the statement of cash flows for a company at four different points in time (M, N, O, and P). Negative values are presented in parentheses.

(a1) For each point in time, state whether the company is most likely in the introductory phase, growth phase, maturity phase, or decline phase.

   
Point in Time
   
M
 
N
 
O
 
P
Net cash provided by operating activities
  $ (60,000 )   $ 30,000     $120,000     $(10,000 )
Cash provided by investing activities
  (100,000 )   25,000     30,000     (40,000 )
Cash provided by financing activities
  70,000     (90,000 )   (50,000 )   120,000  
Net income
  (38,000 )   10,000     100,000     (5,000 )
Phase
  Select a phase                                                              Select a phase                                                              Select a phase                                                              Select a phase                                                           
 
 
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