Stansfield corporation had the following activities in 2010

Assignment Help Accounting Basics
Reference no: EM131110653

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. 

Reference no: EM131110653

Questions Cloud

What are the dimensions of the largest rectangular : What are the dimensions of the largest rectangular passage area under the arch?
Assess the wisdom of the investment in technology : In recent years many companies chose to at least partially outsource their IT operations. They are of the opinion that the IT is not the core competence of the company and outsiders who will undertake to provide the IT operation as outside contrac..
What is the projected annual rate of change for 2015 : What is the projected annual rate of change for 2015?
Effect of correlation between pre- and post-test scores : Compare the results of the tests in the two parts. Comment on the effect of correlation between pre- and post-test scores
Stansfield corporation had the following activities in 2010 : 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.
Wainwright corporation had the following activities in 2010 : Purchase of treasury stock $72,000 6. Purchase of available-for-sale securities $59,000 Compute the amount Wainwright should report as net cash provided (used) by investing activities in its statement of cash flows.
What are some of the key obstacles for the fasb and iasb : What are some of the key obstacles for the FASB and IASB in their convergence project for the statement of cash flows?
Write an inequality to represent this situation : Write an inequality to represent this situation, using x to represent the number of cars the players need to wash
Some believe that igaap provides too many choices : Some believe that iGAAP provides too many choices within its accounting guidance. Is this a possible concern in the area of cash flow reporting? Explain.

Reviews

Write a Review

Accounting Basics Questions & Answers

  A proposed new investment has projected sales of 832000

a proposed new investment has projected sales of 832000. variable costs are 57 percent of sales and fixed costs are

  Essence of persia inc began operations on january 1 2010

the following is the comprehensive problem in the textbook which encompasses all of the elements learned in previous

  Declaration of dividends by the board of directors

Somento Forest Inc. has 10,000 shares of 6%, $100 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock?

  Determine the annual unit sales volume at which the firm

zodiac company has decided to introduce a new product which can be manufactured by either a computer-assisted

  Doughboy bakery would like to buy a new machine for putting

doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on

  Hagos corporation is working on its direct labor budget for

hagos corporation is working on its direct labor budget for the next two months. each unit of output requires 0.84

  Elite company is planning to add a new product to its line

elite company is planning to add a new product to its line. to manufacture this product the company needs to buy a new

  Changes in nominal gdp or in real gdp

According to an article in the Economist, the Russian economy "may not have been booming by 7% a year, as in the mid-2000s, but GDP grew by 3.6% in 2012." Are these two percentages referring to changes in nominal GDP or in real GDP? Briefly explai..

  Could you please describes the courses of action the ima

could you please describes the courses of action the ima recommends in resolving ethical conflict? other than what is

  Tool time inc operates 20 injection molding machines in the

tool time inc. operates 20 injection molding machines in the production of tool boxes of four different sizes named the

  General chemical produced 12000 gallons of breon and 32000

general chemical produced 12000 gallons of breon and 32000 gallons of baron. joint costs incurred in producing the two

  Husky industries has the following account balances

Help Husky's management by completing the following chart:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd