Stansfield Corporation had the following activities in 2012. 1. Payment of accounts payable: $770,000 2. Issuance of
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Question:
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 by financing activities in its 2012 statement of cash flows.
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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