The Following Information Applies to the Questions Displayed Below

question 59

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.

-What is the net cash inflow from operating activities that will be reported on Packard's statement of cash flows for Year 1?

• A)$400
• B)$650
• C)$350
• D)$820

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Definitions:

Rank-Order Consistency

The principle that individual differences in personality traits remain relatively stable over time.

Cross-Sectional Study

A type of observational research that analyzes data from a population, or a representative subset, at a specific point in time.

Been Replicated

Indicates that a study's findings have been successfully reproduced in subsequent research, confirming the reliability and validity of the original results.

Demonstrated Nature

Observable behaviors or characteristics that provide evidence of an individual's inherent qualities or tendencies.