On July 31^st of the current year Bridges Industries borrowed $60,000 from the First National Bank.The $60,000 was used to pay dividends of $40,000 to stockholders and purchase a $20,000 piece of equipment.How will these transactions be reported in the statement of cash flows?

Question

Quizplus · Accepted Answer

The Answer of On July 31^st of the current year Bridges Industries borrowed $60,000 from the First National Bank.The $60,000 was used to pay dividends of $40,000 to stockholders and purchase a $20,000 piece of equipment.How will these transactions be reported in the statement of cash flows?

On July 31st of the Current Year Bridges Industries Borrowed

On July 31^st of the Current Year Bridges Industries Borrowed