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Packard Company engaged in the following transactions during Year 1, its first year of operations (Assume all transactions are cach transactions) 1) Acquired $1.350 cash

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Packard Company engaged in the following transactions during Year 1, its first year of operations (Assume all transactions are cach transactions) 1) Acquired $1.350 cash from the issue of common trock, 2) Borrowed 5820 from a bank 3) Earned $1,000 of revenues cash 4) Pald expenses of $330 5) Paid a $130 dividend. During Yenr 2 Packard engaged in the following transaction (Assume all transactions are cash transactions) 1) Issued an additional S725 of common stock 2) Repaid $500 of its debt to the bank 3) Eomned revenues of 5050 cash 4) incurred expenses of $520 5) Paid dividends of $180 What is the amount of Packard Company's net cash flow from financing activities for Year 2? Multible Choice

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