Payment of dividends 350000 6 purchase of treasury stock


Stansfield Corporation had the following activities in 2010.

1. Payment of accounts payable $770,000 4. Collection of note receivable $100,000

2. Issuance of common stock $250,000 5. Issuance of bonds payable $510,000

3. Payment of dividends $350,000 6. Purchase of treasury stock $46,000 Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2010 statement of cash flows. 

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Payment of dividends 350000 6 purchase of treasury stock
Reference No:- TGS01488637

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)