A company borrowed $100,000 from its bank and the next day used $80,000 of the cash from the loan to
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A company borrowed $100,000 from its bank and the next day used $80,000 of the cash from the loan to buy a new piece of equipment for its plant. Explain how each of those activities is reported on a statement of cash flows.View Solution:
A company borrowed 100 000 from its bank and the next
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