Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1950 cash from the issue of common stock. 2) Borrowed $1420 from a bank. 3) Earned $1600 of revenues. 4) Paid expenses of $450. 5) Paid a $250 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $1325 of common stock. 2) Repaid $920 of its debt to the bank. 3) Earned revenues of $1750. 4) Incurred expenses of $760. 5) Paid dividends of $300. What is the amount of assets that will be reported on Packard's balance sheet at the end of Year 2?
A. $990.
B. $1095.
C. $5665.
D. $5365.
Answer: D
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A. maintain the sales pressure knowing that the stable owner will buy the product. B. ask a series of "yes" or "no" questions to increase the stable owner's involvement. C. give up and look for another buyer. D. temporarily reduce pressure on the stable owner to buy. E. aggressively continue the planned presentation.
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Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. Generally speaking, the higher the risk of a security, the lower its rate of return. 2. The rate of return on a security is the dollar value of the interest earned (or dividends received) divided by the book value of the security. 3. People who want liquidity should invest in stable investments such as blue-chips. 4. People who want liquidity should invest in speculative investments such as nuclear medicine. 5. Many government securities are tax-free and have a slightly lower rate of return than fully taxable investments.
Discuss the various contracts that must be in writing to be enforceable
What will be an ideal response?