The following selected information is from Princeton Company?s comparative balance sheets. The company?s net income for the
Question:
The following selected information is from Princeton Company?s comparative balance sheets.
The company?s net income for the year ended December 31, 2018, was $48,000.
1. Compute the cash received from the sale of its common stock during 2018.
2. Compute the cash paid for dividends during 2018.
Transcribed Image Text:
2017 At December 31 Common stock, $10 par value. Paid-in capital in excess of par Retained earnings... 2018 $105,000 567,000 313,500 $100,000 342,000 287,500
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th edition
Authors: John J. Wild
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