[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. $350
C. $820
D. $650


Answer: A

Business

You might also like to view...

Human capital falls into the category of

a. Competitive resources b. Tangible resources c. Intangible resources d. Natural resources

Business

 What do experts consider the key to securing a long-term business loan? Explain.

What will be an ideal response?

Business

Measuring the effects of advertising helps a firm maximize its investment.

Answer the following statement true (T) or false (F)

Business

The difference between expected payoff under certainty and expected value of the best act without certainty is the:

a. expected monetary value. b. expected net present value. c. expected value of perfect information. d. expected rate of return.

Business