During 2018, the cash flows related to Global Data, Inc.'s lending and borrowing activities are summarized...
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During 2018, the cash flows related to Global Data, Inc.'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? During 2018, the cash flows related to Global Data, Inc.'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?
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Cash lent to borrowers 132600 Payment to retire bonds payable 367500 Proceeds fr... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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