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Home Q & A Board Other Fields Homework Help Business Accounting
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jdot jdot
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A year ago
On July 31 of the current year, Bridges Industries borrowed $50,000 from the First National Bank. On December 31, the company made its first payment of $1,000, of which $900 was applied to principal and $100 was interest. How will these transactions be reported in the statement of cash flows?

Operating SectionInvesting SectionFinancing Section


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$100 use$900 use$50,000 source


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$0$0$50,000 source and $900 use


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$0$0$50,000 source and $1,000 use


▸
$100 use$0$50,000 source and $900 use
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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collegestudent1collegestudent1
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A year ago
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