Based on the additional details provided:
Clorox wants to issue new bonds to take advantage of current market conditions.
This will:
a. Increase financing cash flow. Issuing new bonds is a way to raise capital and finance operations or other initiatives. It provides an influx of cash that can be used to fund expansion, R&D, acquisitions, etc. So it positively impacts financing cash flow.
b. Have no direct impact on investing cash flow. The proceeds from the new bonds are used for financing purposes, not investing activities like capital expenditures, purchases of investments, etc. So investing cash flow is unaffected.
c. Have no cash flow impact. This is incorrect. While the new bonds may not directly impact operating or investing cash flow, they do provide financing cash flow benefits by raising additional capital. So there is a cash flow impact, it's just focused on the financing activities.
In summary, the correct choice is:
a. financing cash flow
Issuing new bonds provides additional financing cash flow by raising capital to fund the company's operations and growth.
Does this help explain the options? Let me know if you have any other questions!