Beewell's net income for the year ended December 31,Year 2 was $185,000.Information from Beewell's comparative balance sheets is given below.Compute the cash received from the sale of its common stock during Year 2.
A)$185,000.
B)$106,000.
C)$95,000.
D)$50,000.
E)$145,000.

Question

Beewell's net income for the year ended December 31,Year 2 was $185,000.Information from Beewell's comparative balance sheets is given below.Compute the cash received from the sale of its common stock during Year 2. 
A)$185,000. 
B)$106,000. 
C)$95,000. 
D)$50,000. 
E)$145,000.

Quizplus · Accepted Answer

($500,000 - $450,000 = $50,000) + (948,000 - $853,000 = $95,000) = $145,000

Beewell's Net Income for the Year Ended December 31,Year 2