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During Year 2, the cash flows related to Global Data, Incorporated's lending and borrowing activities are summarized as follows: Cash lent to borrowers $ 132,100
During Year 2, the cash flows related to Global Data, Incorporated's lending and borrowing activities are summarized as follows:
Cash lent to borrowers | $ 132,100 |
---|---|
Payment to retire bonds payable | $ 366,500 |
Proceeds from borrowing at bank (note payable) | $ 220,000 |
Interest received from borrowers | $ 31,000 |
Interest payments made on bonds payable | $ 41,500 |
On the basis of the above information alone, what is Global Data's net cash flow from financing activities?
Multiple Choice
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$146,500 net cash used for financing activities
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$145,000 net cash used for financing activities
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$498,600 net cash used for financing activities
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