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Compute the amount novak should report as net cash provided

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Reference no: EM132830656

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

Problem 1: Compute the amount Novak should report as net cash provided (used) by financing activities in its 2020 statement of cash flows.

Reference no: EM132830656

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