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

question 32

Multiple Choice

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

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

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