Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during year 2, the cash flows related to global da

During Year 2, the cash flows related to Global Data, Incorporated's lending...

80.2K

Verified Solution

Question

Accounting

During Year 2, the cash flows related to Global Data, Incorporated's lending and borrowing activities are summarized as follows:
Cash lent to borrowers $ 132,600
Payment to retire bonds payable $ 367,500
Proceeds from borrowing at bank (note payable) $ 220,500
Interest received from borrowers $ 31,500
Interest payments made on bonds payable $ 42,000
On the basis of the above information alone, what is Global Data's net cash flow from financing activities?
Question 11 options:
$147,000 net cash used for financing activities
$145,500 net cash used for financing activities
$500,100 net cash used for financing activities
$206,100 net cash used for financing activities

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

​Co-browsing refers to the ability to have a contact center agent and customer jointly navigate an...

Advance Math
1.2K views

I am down to one last attempt. Please make sure both are correct. 1) Solve the given...

Advance Math
1.2K views

The questions below are about 2×2 autonomous systems of ODE. Parts (a) and (b) are unrelated....

Physics
1.2K views

The cube in the figure has edge length 1.20 m and is oriented as shown in...

Physics
1.2K views

Radioactive iodine 131 t1 2 8 0 days decays to form xenon 131 by emission...

Physics
1.2K views

3 37 Two identical small conducting spheres A and B have charges 1 mC and...

Algebra
1.2K views

y f x Ay K 3 OA 1 5 29 y g x OB 0...

Accounting
1.2K views

Lough Company prepared the following purchases...

Accounting
1.2K views

#1 ...

Accounting
1.2K views

Anna paid a day care center to watch her two-year-old son while she worked as...

Accounting
1.2K views

Making a payment on a liability would?

Accounting
1.2K views

A company buys a machine for $60,000 that has an expected life of 9 years...