Question: 5 QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. 76 ints Common stock, $10
5 QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. 76 ints Common stock, $10 par value Paid-in capital in excess Retained earnings s134,000 $ 128,000 595, 000356,000 341,500315,500 Skipped The company's net income for the year ended December 31, 2017, was $62.000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 10 Par Beg. bal End. bal. References Paid-in Capital in Excess of Par Beg. ba End. bal. Cash received
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