Flynn Company Issued 2,000 Shares of $10 Par Value Common

question 50

Multiple Choice

Flynn Company issued 2,000 shares of $10 par value common stock at a market price of $16. As a result of this accounting event, total paid-in capital would

• A) increase by $12,000.
• B) be unaffected by the event.
• C) increase by $32,000.
• D) increase by $20,000.

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Progressive Era

A period of widespread social activism and political reform in the United States from the 1890s to the 1920s, aimed at eliminating problems caused by industrialization, urbanization, immigration, and corruption.

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