During 2014, the Cash Flows Related to Global Data, Inc

question 64

Multiple Choice

During 2014, the cash flows related to Global Data, Inc.'s lending and borrowing activities are summarized as follows:
$\begin{array} { | l | r | } \hline \text { Cash lent to borrowers } & \$ 132,600 \\\hline \text { Payment to retire bonds payable } & \$ 367,500 \\\hline \text { Proceeds from borrowing at bank (note payable) } & \$ 220,500 \\\hline \text { Interest received from borrowers } & \$ 31,500 \\\hline \text { Interest payments made on bonds payable } & \$ 42,000 \\\hline\end{array}$

-On the basis of the above information alone and interest payment is classified as an operating activity, what is Global Data's net cash from financing activities?

• A) $147,000 net cash used in financing activities.
• B) $145,500 net cash used in financing activities.
• C) $206,100 net cash used in financing activities.
• D) $500,100 net cash used in financing activities.

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Definitions:

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The physiological and psychological state of being awoken or activated, often in response to a stimulus.

Schachter

Stanley Schachter was a psychologist known for his development of the two-factor theory of emotion, which considers both physiological arousal and cognitive interpretation.

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