Rain Forever Corporation Had a Beginning Balance in Common Stock

Multiple Choice

Rain Forever Corporation had a beginning balance in common stock of $30,000 and additional paid in capital-common stock of $350,000. At the end of the year the balances in the accounts were $40,000 and $410,000, respectively. The only transaction involving stock was the sale of stock. Cash received from the sale of the stock was:

A) $ 50,000.
B) $ 70,000.
C) $830,000.
D) none of the above.