Compute the net cash provided by financing activities


Response to the following problem:

Stansfield Corporation had the following activities in 2014.

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 2014 statement of cash flows.

 

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Accounting Basics: Compute the net cash provided by financing activities
Reference No:- TGS02123997

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