Use the Following Information to Answer Questions

question 126

Multiple Choice

Use the following information to answer questions
Packard Company engaged in the following transactions during 2015,its first year in 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 2016,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.
-Packard Company's net cash flow from financing activities for 2016 is

• A)$220 outflow
• B)$320 outflow
• C)$5 inflow
• D)$225 inflow

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Definitions:

Anticipation

The act of looking forward or predicting a future event based on current knowledge or expectations.

Reconstruction

The process of rebuilding, reforming, or remaking something, often used in psychological contexts to refer to therapies aimed at reconstructing thought patterns or perspectives.

Test Against Reality

involves verifying ideas, theories, or perceptions by comparing them with factual, real-world occurrences or principles.

Interpretations

In psychotherapy, interpretations are insights and explanations provided by the therapist to help the client achieve understanding of their issues.