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 amoun...

Cash flows from financing activities Issuanc ...

Stansfield Corporation had the following activities in 2014. 1. Payment of accounts payable $770,000 2. Issuance of

Question:

Stansfield had the following activities in 2014.
1. Payment of $770,000
2. Issuance of $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?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...