Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions.) 1. Acquired $3600 cash from issuing common stock. 2. Borrowed $2500 from a bank. 3. Earned $3400 of revenues. 4. Incurred $2460 in expenses. 5. Paid dividends of $460. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions.) 1. Acquired an additional $800 cash from the issue of common stock. 2. Repaid $1510 of its debt to the bank. 3. Earned revenues, $4800. 4. ncurred expenses of $2870. 5. Paid dividends of $1000. What was the net cash flow from financing activities reported on Lexington's statement of cash flows for Year 2?
A. $1710 outflow
B. $1710 inflow
C. $800 inflow
D. $200 outflow
Answer: A
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Dave owns several computer repair shops across the Midwest, and he has set a goal for his company of cutting costs in all his locations over the next three years. Dave has set a(n)
A. tactical goal. B. management guideline. C. business plan. D. strategic goal. E. operational goal.
Any company doing business outside the home country should first carefully study the ________ in the target country
A) political culture B) nationalization C) political risk D) jurisdiction E) sovereignty
Possible misstatements related to the occurrence assertion for payroll transactions include all of the following except:
A. payments to fictitious employees. B. payments to valid employees who have not worked. C. payments to terminated employees. D. payments to valid employees at a rate in excess of the authorized amount.
Using the following data regarding the ages (in years) of full-time and part-time students, develop an interval estimate for the difference between the mean ages of the two populations. Use 95% confidence. The degrees of freedom for the t distribution is 106.
?
Full-Time
Part-Time
27
24
s1.5
2
n50
60
What will be an ideal response?