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Compute the amount Novak should report

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Question - Novak Corporation had the following activities in 2020.

1. Payment of accounts payable $776,000

2. Collection of note receivable $91,000

3. Issuance of common stock $249,000

4. Issuance of bonds payable $460,000

5. Payment of dividends $353,000

6. Purchase of treasury stock $43,000

Required - Compute the amount Novak should report as net cash provided (used) by financing activities in its 2020 statement of cash flows.

Reference no: EM132903714

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