The Following Information Applies to the Questions Displayed Below

question 63

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 Packard Company's net cash flow from financing activities for Year 2?

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

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Definitions:

Surveys

A research method involving the collection of data from a predefined group of respondents to gather information and insights about various topics.

Method Research

A systematic approach to collecting data and gaining knowledge in a specific field, often associated with scientific or academic investigations.

Bronfenbrenner

Urie Bronfenbrenner, a psychologist who developed the Ecological Systems Theory to explain how the inherent qualities of a child and their environment interact to influence how they grow and develop.

Microsystems

In the context of ecological systems theory, microsystems are the immediate environments in which an individual interacts, such as family and school.