Packard company engaged in the following transactions during year 1, its first year of operations: ( assume all transactions are cash transactions.) 1) acquired $1100 cash from the issue of common stock. 2) borrowed $570 from a bank. 3) earned $750 of revenues. 4) paid expenses of $280. 5) paid a $80 dividend. during year 2, packard engaged in the following transactions: ( assume all transactions are cash transactions.) 1) issued an additional $475 of common stock. 2) repaid $325 of its debt to the bank. 3) earned revenues of $900. 4) incurred expenses of $420. 5) paid dividends of $130. what is the amount of total stockholders' equity that will be reported on packard's balance sheet at the end of year 1?
a. $1570.
b. $1490.
c. $1020.
d. $390.
Answers: 2
Business, 22.06.2019 00:30, kierafisher05
You wants to open a saving account. which account will grow his money the most
Answers: 1
Business, 22.06.2019 14:00, mrfishyyyy
Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.
Answers: 2
Business, 22.06.2019 20:30, whitems33982
When many scrum teams are working on the same product, should all of their increments be integrated every sprint?
Answers: 3
Packard company engaged in the following transactions during year 1, its first year of operations:...
Geography, 18.02.2021 20:50
Computers and Technology, 18.02.2021 20:50
Mathematics, 18.02.2021 20:50