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
Overfished per year
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
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