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Home Q & A Board Other Fields Homework Help Business Accounting
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tifftran tifftran
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A year ago
On July 31 of the current year, Bridges Industries issued $80,000 of bonds payable. The $80,000 was used to purchase $30,000 of equipment and $50,000 to purchase stock in another company. How will these transactions be reported in the statement of cash flows?

Operating SectionInvesting SectionFinancing Section


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$0$50,000 use$80,000 source and $30,000 use


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$0$30,000 use$80,000 source and $50,000 use


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$0$30,000 use and $50,000 use$80,000 source


▸
$50,000 use$30,000 use$80,000 source
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Managerial Accounting

Managerial Accounting


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mmorris1537mmorris1537
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A year ago
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