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Home Q & A Board Other Fields Homework Help Business Accounting
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billafin billafin
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A year ago
On July 31 of the current year, Bridges Industries borrowed $60,000 from the First National Bank. The $60,000 was used to pay dividends of $40,000 to stockholders and purchase a $20,000 piece of equipment. How will these transactions be reported in the statement of cash flows?

Operating SectionInvesting SectionFinancing Section


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$40,000 use$20,000 use$60,000 source


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$0$20,000 use$60,000 source and $40,000 use


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$0$40,000 use$60,000 source and $20,000 use


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$0$40,000 use and $20,000 use$60,000 source
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Managerial Accounting

Managerial Accounting


Edition: 4th
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Marinaanderson0Marinaanderson0
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A year ago
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billafin Author
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A year ago
Thank you, thank you, thank you!
vernonb
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Yesterday
Thanks
jamiebonf99
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2 hours ago
this is exactly what I needed
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