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On July 31 of the current year, Crane Industries issued $81000 of bonds payable. The $81000 was used to purchase $30500 of equipment and $50500

On July 31 of the current year, Crane Industries issued $81000 of bonds payable. The $81000 was used to purchase $30500 of equipment and $50500 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)

$50500 use $30500 use $81000 source

B)

$0 $30500 use $81000 source and $50500 use

C)

$0 $30500 use and $50500 use $81000 source

D)

$0 $30500 use $81000 source and $50500 use

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