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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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