Petras Company Engaged in the Following Transactions During 2012, Its

question 242

Multiple Choice

Petras Company engaged in the following transactions during 2012, 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 $600 of revenues.
4) Paid expenses of $250.
5) Paid a $50 dividend.
During 2013, Petras 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.
Petras Company's net cash inflow from operating activities for 2012 is

• A) $600.
• B) $550.
• C) $350.
• D) $300.

---

Definitions:

Anaphylactic Reaction

A severe, potentially life-threatening allergic reaction that can occur rapidly after exposure to an allergen.

Provider

(1) The person that oversees the patient’s health care; often a physician, physician’s assistant, or nurse practitioner. (2) An individual licensed to examine, diagnose, and prescribe treatment to patients seeking assistance.

Wheal

A raised, itchy area of skin that usually signifies an allergic reaction.

Injection Site

The specific area of the body where a needle is inserted to deliver medication or vaccines.