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During 2015,Gillespie Corporation Made a Loan of $155,000 to a Major

Question 117

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During 2015,Gillespie Corporation made a loan of $155,000 to a major customer.By the end of 2015 the customer had paid back $60,000 of the loan plus interest of $12,000.In the statement of cash flows for 2015,Gillespie Corporation would report:


A) A net decrease in cash and cash equivalents of $72,000 for 2015.
B) $72,000 net cash used for investing activities.
C) $95,000 net cash used for investing activities,and $12,000 cash provided from operating activities.
D) $155,000 net cash used for investing activities,$60,000 net cash provided by financing activities,and $12,000 cash provided by operating activities.

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