Jordan's net income for the year ended December 31, Year 2 was $196,000. Information from...
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Jordan's net income for the year ended December 31, Year 2 was $196,000. Information from Jordan's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Year 2 Year 1 Common Stock, $5 par value $ 511,000 $ 459,900 Paid-in capital in excess of par 959,000 862,900 Retained earnings 699,000 591,900 Multiple Choice $196,000. $147,200 596,100 O 551,100. Curinn
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