Fundamental Financial Accounting Concepts
Quiz 1: An Introduction to Accounting
Packard Company's Net Cash Flow from Financing Activities for 2016
Packard Company's net cash flow from financing activities for 2016 is A)$220 outflow B)$320 outflow C)$5 inflow D)$225 inflow
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The total in Packard's retained earnings account before closing in 2015 is A)$400. B)$0. C)$350. D)$450.
The amount of total equity on Packard's 2015 balance sheet is A)$1,350. B)$900. C)$250. D)$1,300.
The amount of retained earnings on Packard's 2016 balance sheet is A)$640. B)$800. C)$290. D)$740.
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