Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $1,300 cash from the issue of common stock. 2) Borrowed $770 from a bank. 3) Earned $950 of revenues cash. 4) Paid expenses of $320. 5) Paid a $120 dividend. During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.) 1) Issued an additional $675 of common stock. 2) Repaid $465 of its debt to the bank. 3) Earned revenues of $1,100 cash. 4) Incurred expenses of $500. 5) Paid dividends of $170. Packard Company's net cash flow from financing activities for Year 2 is:
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Business, 22.06.2019 12:20
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Packard Company engaged in the following transactions during Year 1, its first year of operations. (...
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