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Simple MCQ from Financial Accounting class. Please answer it ASAP!!! 88 23 Collapse information applies to the questions displayed below Packard Company engaged in the
Simple MCQ from Financial Accounting class. Please answer it ASAP!!!
88 23 Collapse information applies to the questions displayed below Packard Company engaged in the following transactions during Year 1. its first year of operations. Assume transactions are cash transaction 1) Acquired 5950 cash from the issue of common stock 2) Borrowed 5420 from a bank 3) Earned 5650 of revenues 4) Pald expenses of $250. 5) Paid a 550 dividend During Year 2. Packard engaged in the following transactions assume all transactions are cash transactions 1) issued an additional 5325 of common stock 2) Repaid $220 of its debt to the bank 3) Earned revenues of $750. 4) incurred expenses of $300 5) Paid dividends of 5100 What is the net cash in flow from operating activities that will be reported on Packard's statement of cash flows for Year 5350 5400 5050 be in liabilities Collapse QUESTION 26 The following information applies to the questions displayed below! The inventory records for Radford Co. reflected the following Beginning inventory May 1 100 units $4.00 First purchase May 7 B00 units 5440 Second purchase May 17 boots 5050 Third purchase May 23 100 units $4.90 Sales May 31 200 US 57.80 What is the amount of endine inventory assuming the cost flow method 5480 5400 $940 540 QUESTION 27 Ho costow method O 5400 5540 540 QUESTION 27 on January 1 Year 1 Marrow Moving Company paid $35.000 purchase trudi The truck was expected to have four years and salvage value. If Marrow uses the stracht line method the amount of acumulated deprecation shown on the shoes 513.500 57.000 517.500 535.000
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