Computing Financing Cash Flows

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Question description

QS 12-9 Computing financing cash flows LO P3

The following selected information is from Princeton Company’s comparative balance sheets.

 At December 31 2015 2014
 Common stock, $10 par value $ 105,000   $  100,000 
 Paid-in capital in excess of par 567,000    342,000  
 Retained earnings 313,500    287,500  
The company’s net income for the year ended December 31, 2015, was $48,000.

Complete  the below table to calculate the cash received from the sale of its common stock during 2015.


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