Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the cash flows related to flushing incorporated's

The cash flows related to Flushing Incorporated's lending and borrowing activities are summarized as...

80.2K

Verified Solution

Question

Accounting

The cash flows related to Flushing 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 Flushing's net cash flow from financing activities?
Select one:
a. $206,100 net cash used for financing activities
b. $500,100 net cash used for financing activities
c. $147,000 net cash used for financing activities
d. $145,500 net cash used for financing activities
image

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

An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following...

Civil Engineering
1.2K views

A summer time temperature analysis of a relative zone of the building, estimating the cooling load...

Basic Math
1.2K views

Use the following dataset and assume all assumptions are met Provide all R code needed to...

Biology
1.2K views

Which sentence describes biochemical evidence that supports the theory of evolution A Only some aerobic...

Biology
1.2K views

Sharks have been able to keep the ocean ecosystems in check by 1 Point O...

Geometry
1.2K views

Which expressions represent the length of b Please select two Show your work here 3...

Basic Math
1.2K views

A veterinarian is interested in the average number of pets her clients own. Over the...

Basic Math
1.2K views

The number of milligrams D (h) of a certain drug that is in a patient's...

Accounting
1.2K views

HELP ASAP PLEASE QUESTION 6 You are part of a group of owners who wish...

Accounting
1.2K views

2017 with no inventories and spent $590,000 on operations that month. Production and sales information...

Accounting
1.2K views

6 Problem 19-17 (Algo) EPS; options; convertible preferred; additional shares [LO19-4, 19-5, 19-6, 19-7, 19-...

Accounting
1.2K views

E2-11 (book/static) (Part of Equity) E2-11 (book/static) (Part of Equity)