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melisooflyy melisooflyy
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2 years ago
On January 1 of the current year, Bratton Manufacturing borrowed $1,000,000 from the First National Bank. On June 30 and December 31, Bratton made principal payments of $10,000 each. How will these transactions be reported in the statement of cash flows?

▸ $1,000,000 source of cash in the financing section and $20,000 use of cash in the operating section

▸ $1,000,000 source of cash in the investing section and $20,000 use of cash in the operating section

▸ $1,000,000 source of cash and $20,000 use of cash, both shown in the financing section

▸ $1,000,000 source of cash and $20,000 use of cash, both shown in the investing section
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Managerial Accounting

Managerial Accounting


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birdnuggetbirdnugget
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