Superior Has Provided the Following Information for Its Recent Year

question 112

Multiple Choice

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $20,000 and the year-end balance was $25,000.
The additional paid-in capital account balance increased $2,500 during the year.
The retained earnings balance at the beginning of the year was $75,000 and the year-end balance was $91,000.
Net income was $26,000.
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How much did Superior sell its common stock for during the year?

• A)$5,000.
• B)$2,500.
• C)$7,500.
• D)$27,500.

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