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Author Question: Burton Company purchased a new crane costing $47,000 from Heavy Equipment Corporation. To pay for ... (Read 77 times)

jany123

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on: Feb 5, 2023
Burton Company purchased a new crane costing $47,000 from Heavy Equipment Corporation. To pay for the crane, Burton traded in an old piece of machinery worth $10,000 and signed a note for the balance of $37,000. How will this transaction be reported on the statement of cash flows?
◦ As a use of cash in the operating section and a source of cash in the financing section
◦ As a non-cash investing and financing transaction
◦ As a use of cash in the investing section and a source of cash in the financing section
◦ As a source of cash in the investing section and a source of cash in the financing section
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by jany123 on Feb 5, 2023

RodrickHac

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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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jany123

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

ktidd

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

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