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Jordan's net income for the year ended December 31 You 2 was $195,000 Information from Jordan's comparative balance sheets given below. Compute the cash received
Jordan's net income for the year ended December 31 You 2 was $195,000 Information from Jordan's comparative balance sheets given below. Compute the cash received from the sale of its common stock during Year 2 At December 31 Common Stock, $ par Value Paid in capital in excess of par Retained earnings Year 2 Year 1 $S10,000 $459.000 958,000 862,000 698,000 591,000 Multiple Choice 5147000 S85.000 551000 O $147,000. $195,000 O $51,000. $107.000 $96,000
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