Business, 29.02.2020 03:02 bankskry

The following information is from Princeton Company’s comparative balance sheets. At December 31 Current Year Prior Year Common stock, $10 par value $ 115,000 $ 112,000 Paid-in capital in excess of par 579,000 348,000 Retained earnings 325,500 299,500 The company’s net income for the current year ended December 31 was $54,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year.

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The following information is from Princeton Company’s comparative balance sheets. At December 31 Cur...

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