The following selected information is from Princeton Company 's comparative balance sheets At December 31 2017 2016 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 ...

Part 1 Computation of cash received from the sale of common stock Increase in Common sto ...

The following selected information is from Princeton Company's comparative balance sheets. At December 31 2017 2016 Common

Question:

The following selected information is from Princeton Company's comparative balance sheets.
At December 31 2017 2016
Common stock, $10 . . . . . . . . . . . . $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, 2017, was $48,000.
1. Compute the cash received from the sale of its during 2017.
2. Compute the cash paid for dividends during 2017.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...