On January 1, 2019, Cocker Issued 10,000 Additional Shares of Common

question 91

Multiple Choice

On January 1, 2019, Cocker issued 10,000 additional shares of common stock for $21 per share.Popper did not acquire any of this newly issued stock.How would this transaction affect the additional paid-in capital of the parent company?

• A) $0.
• B) Decrease it by $23,240.
• C) Decrease it by $68,250.
• D) Decrease it by $45,060.
• E) Decrease it by $64,720.

---

Definitions:

Organizational Member

An individual who belongs to a specific organization, contributing to its culture, goals, and functioning through their role and actions.

Influence

The capacity or power of persons or things to be a compelling force on the actions, behavior, opinions, etc., of others.

Leadership

Has a strong effect on an organization’s strategy, success, and very survival.

Viable Future

A future state that is sustainable and achievable based on current resources, capabilities, and plans.