The Equity Accounts of Bio-Tech Company Is as Follows

question 44

Multiple Choice

The equity accounts of Bio-Tech Company is as follows: Suppose that the firm sells 2,000,000 new shares at a price of $20/share. What is the new value of the additional paid-in-capital account?

• A) $144,000,000
• B) $40,000,000
• C) $88,000,000
• D) $70,000,000

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Definitions:

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