Question
During 2018, the cash flows related to Global Data, Inc.'s lending and borrowing activities are summarized as follows: Cash lent to borrowers $ 130,100 Payment
During 2018, the cash flows related to Global Data, Inc.'s lending and borrowing activities are summarized as follows:
Cash lent to borrowers $ 130,100
Payment to retire bonds payable $ 362,500
Proceeds from borrowing at bank (note payable) $ 218,000
Interest received from borrowers $ 29,000
Interest payments made on bonds payable $ 39,500
On the basis of the above information alone, what is Global Data's net cash flow from financing activities?
$492,600 net cash used for financing activities
$144,500 net cash used for financing activities
$143,000 net cash used for financing activities
$203,600 net cash used for financing activities
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