Petras Company Engaged in the Following Transactions During 2012, Its

question 127

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.
The net cash inflow from financing activities on Petras's 2013 statement of cash flows is

• A) $5.
• B) $325.
• C) $225.
• D) $955.

Explain the significance of the Clean Air Act and its implications for climate change.

Analyze the interconnection between environmental policy and energy policy.

Evaluate recent changes in crime rates and possible explanations for these trends.

Differentiate between state and federal law and its implications in Supreme Court decisions.

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Definitions:

Experimental Group

A group in an experiment that receives the variable being tested, which is compared to a control group that does not receive the test variable.

Control Group

In experimental research, a group of subjects that does not receive the experimental treatment, used for comparison purposes.

Violent Behavior

Involves actions with the intent to cause physical harm or damage to others or property, often associated with aggression and anger.

Imitating Behavior

The action of copying or mimicking the actions, gestures, or speech of others, often a learning method.