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Author Question: On July 31 of the current year, Bridges Industries borrowed $60,000 from the First National Bank. ... (Read 54 times)

knemetz3

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on: Feb 5, 2023
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
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by knemetz3 on Feb 5, 2023

gyvette

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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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knemetz3

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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