2.99 See Answer

Question: On January 1, 2021, Stamford issues 10,


On January 1, 2021, Stamford issues 10,000 additional shares of common stock for $25 per share. Neill acquires 8,000 of these shares. How will this transaction affect the parent company’s Additional Paid-In Capital account?
a. Has no effect on it
b. Increases it by $20,500
c. Increases it by $36,400
d. Increases it by $82,300

2.99

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