Question

Metal Works borrowed $100,000 cash from First State Bank in 2013:

Required
a. Was this event an asset source, use, or exchange transaction for Metal Works?
b. Was this event an asset source, use, or exchange transaction for First State Bank?
c. Was the cash flow an operating, investing, or financing activity on Metal Works 2013 statement of cash flows?
d. Was the cash flow an operating, investing, or financing activity on First State Bank’s 2013 statement of cash flows?



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  • CreatedOctober 12, 2013
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