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Author Question: On July 31 of the current year, Bridges Industries borrowed $50,000 from the First National Bank. On ... (Read 56 times)

Sadjam2

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on: Feb 5, 2023
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

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$100 use$0$50,000 source and $900 use
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by Sadjam2 on Feb 5, 2023

latoyia.cook

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Sadjam2

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Reply 2 on: Feb 5, 2023
Excellent

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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