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 $15 per share. Neill does not acquire any of this newly issued stock. How does this transaction affect the parent company’s Additional Paid-In Capital account?
a. Has no effect on it
b. Increases it by $44,000
c. Decreases it by $35,200
d. Decreases it by $55,000

2.99

See Answer