When a Firm Issues 50,000 Shares with a Par Value

question 69

Multiple Choice

When a firm issues 50,000 shares with a par value of $5 for $22 per share, additional paid in capital will:

• A)Decrease by $250,000
• B)Increase by $250,000
• C)Increase by $850,000
• D)Increase by $1,100,000

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