The following selected information is from the Teeter Companys comparative balance sheets. The companys net income for
Question:
The companys net income for the year ended December 31, 2011, was $196,000.
1. Compute the cash received from the sale of its common stock during 2011.
2. Compute the cash paid for dividends during2011.
Transcribed Image Text:
At December 31 Common stock, $ 10 par value·····.. Pald-n capltal in excess of par Retained earnings 2011 2010 310,000 $300.000 1,134,000 684,000 627,000 575,000
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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