Compute the amount stansfield should report as net cash, Ask an Expert

Accounting

Stansfield Corporation had the following activities in 2010.

Payment of accounts payable $763,500
Issuance of common stock $202,900
Payment of dividends $325,300
Collection of note receivable $119,900
Issuance of bonds payable $527,900
Purchase of treasury stock $47,600

Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2010 statement of cash flows. (Enter amount as positive.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M954501

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