Reference no: EM132465403

Problem - 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

Required - On the basis of the above information alone, what is Global Data's net cash flow from financing activities?

a. $147,000 net cash used for financing activities.

b. $145,500 net cash used for financing activities.

c. $206,100 net cash used for financing activities.

d. $500,100 net cash used for financing activities.