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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
 
 
 
 
 
   
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