[The Following Information Applies to the Questions Displayed Below

question 85

Multiple Choice

[The following information applies to the questions displayed below.]
Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.)
1) Acquired $950 cash from the issue of common stock.
2) Borrowed $420 from a bank.
3) Earned $650 of revenues.
4) Paid expenses of $250.
"5) Paid a $50 dividend.
During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) "
1) Issued an additional $325 of common stock.
2) Repaid $220 of its debt to the bank.
3) Earned revenues of $750.
4) Incurred expenses of $360.
5) Paid dividends of $100.
-The amount of assets on Packard's Year 2 balance sheet is

• A) $2,115.
• B) $440.
• C) $2,215.
• D) $395.

---

Definitions:

HR Department

A department within an organization that is responsible for managing human resources and employee relations, including hiring, training, benefits, and compliance with labor laws.

Safety Campaign

An organized effort directed at promoting actions and behaviors that reduce risks and enhance safety in a specific area or sector.

Stress-Related Illnesses

Health issues, both physical and mental, that arise from or are exacerbated by stress, including heart disease, anxiety disorders, and depression.

Quality of Work Life

The overall environment and conditions under which employees work, including job satisfaction, safety, balance between work and personal life, and well-being.