Bagwell's Net Income for the Year Ended December 31, Year

question 35

Multiple Choice

Bagwell's net income for the year ended December 31, Year 2 was $185,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2.

• A)$185,000.
• B)$106,000.
• C)$95,000.
• D)$50,000.
• E)$145,000.

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