Stansfield Corporation had the following activities in 2012. 1. Payment of accounts payable $770,000 2. Issuance of
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Stansfield Corporation had the following activities in 2012.
1. Payment of accounts payable $770,000
2. Issuance of common stock $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 stock $46,000
Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2012 statement of cash flows.
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