During the year, Dawkins issued common stock for cash and borrowed $60,000 from the bank on a long- term loan. Dawkins, Inc. provided the following:

How much cash was received from issuing common stock?

Question

During the year, Dawkins issued common stock for cash and borrowed $60,000 from the bank on a long- term loan. Dawkins, Inc. provided the following: 
  
How much cash was received from issuing common stock?

Quizplus · Accepted Answer

The Answer of During the year, Dawkins issued common stock for cash and borrowed $60,000 from the bank on a long- term loan. Dawkins, Inc. provided the following: 
  
How much cash was received from issuing common stock?

During the Year, Dawkins Issued Common Stock for Cash and Borrowed