Business, 19.09.2019 03:30 Mackjrmario

Qs 12-15 computing financing cash flows lo p3 the following information is from princeton company’s comparative balance sheets. at december 31 current year prior year common stock, $10 par value $ 111,000 $ 104,000 paid-in capital in excess of par 571,000 344,000 retained earnings 317,500 291,500 the company’s net income for the current year ended december 31 was $50,000. 1. complete the t-accounts to calculate the cash received from the sale of its common stock during the current year. 2. complete the t-account to calculate the cash paid for dividends during the current year..

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