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Mary Company began the year with $820,000 in assets and $60,000 in liabilities. During the year, Mary recorded $150,000 in sales, $40,000 in expenses, and
Mary Company began the year with $820,000 in assets and $60,000 in liabilities. During the year, Mary recorded $150,000 in sales, $40,000 in expenses, and did not pay any dividends. If the company had a $335,000 increase in total assets and no change in liabilities, what was the amount of common stock that was issued during the year?
Select one:
a. $335,000
b. $225,000
c. None of the answer choices
d. $445,000
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