Jolly's Company Ltd has provided you with the following information from their cash flow statement...
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Accounting
Jolly's Company Ltd has provided you with the following information from their cash flow statement for the year ended December 31, 2020: Increase in accounts payable Increase in long-term borrowings Sale of investments Issue of ordinary shares Payment of cash dividends $ 120,000 2 150.000 160,000 90.000 Given that net cash flow from financing activities is $340.000, how much was the increase in long-term borrowings? Select one: a. $210.000 b. $300 000 c. $420.000 d $270.000
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