On July 31st of the current year Bridges Industries issued $80,000 of bonds payable. The $80,000 was used to purchase $30,000 of equipment and $50,000 to purchase stock in another company. How will these transactions be reported in the statement of cash flows? Operating Section Investing Section Financing Section A. $50,000 use $30,000 use $80,000 source B. $0 $30,000 use/$50,000 use $80,000 source C. $0 $30,000 use $80,000 source/$50,000 use D. $0 $30,000 use $80,000 source/$50,000 use
On July 31st of the current year Bridges Industries issued $80,000 of bonds payable. The $80,000 was used to purchase $30,000 of equipment and $50,000 to purchase stock in another company. How will these transactions be reported in the statement of cash flows? Operating Section Investing Section Financing Section A. $50,000 use $30,000 use $80,000 source B. $0 $30,000 use/$50,000 use $80,000 source C. $0 $30,000 use $80,000 source/$50,000 use D. $0 $30,000 use $80,000 source/$50,000 use
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 3DQ
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