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Title: Burton Company purchased a new crane costing $47,000 from Heavy Equipment Corporation. To pay for ... Post by: waterman7833 on Feb 5, 2023 Burton Company purchased a new crane costing $47,000 from Heavy Equipment Corporation. To pay for the crane, Burton traded in an old piece of machinery worth $10,000 and signed a note for the balance of $37,000. How will this transaction be reported on the statement of cash flows?
▸ As a use of cash in the operating section and a source of cash in the financing section ▸ As a non-cash investing and financing transaction ▸ As a use of cash in the investing section and a source of cash in the financing section ▸ As a source of cash in the investing section and a source of cash in the financing section Title: Burton Company purchased a new crane costing $47,000 from Heavy Equipment Corporation. To pay for ... Post by: micapiro on Feb 5, 2023 Content hidden
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