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Mariulka [41]
3 years ago
9

During 2018, the cash flows related to Global Data, Inc.'s lending and borrowing activities are summarized as follows:

Business
1 answer:
const2013 [10]3 years ago
7 0

Answer:

-$144,000

Explanation:

Cash flow from financing activities

Payment to retire bonds payable -$361,500

Proceeds from borrowing at bank (note payable) $217,500

Net cash used by financing activities -$144,000

The payment made to retired bond payable reflects the outflow of cash so we deducted it and the borrowing at bank is a cash inflow so we added it

And, the rest items are not relevant. Hence, ignored it

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