Stansfield AG had the following activities in 2019. 1. Payment of accounts payable 770,000. 2. Issuance of

Question:

Stansfield AG had the following activities in 2019.
1. Payment of €770,000.
2. Issuance of ordinary shares €250,000.
3. Payment of dividends €350,000.
4. Collection of note receivable €100,000.
5. Issuance of bonds payable €510,000.
6. Purchase of treasury shares €46,000.
Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2019 statement of cash flows.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...