ix company issued 16,000 shares of $10 par value common stock at a market price of $21. as a result of this accounting event, th

Question

crimeas [40]

3 years ago

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ix company issued 16,000 shares of $10 par value common stock at a market price of $21. as a result of this accounting event, th

e amount of stockholders equity would

Business

1 answer:

Nikolay [14] · Answer 1 · 2022-07-13T15:48:17+03:00

Answer:

increase by $336,000.

Explanation:

Options are <em>"1. increase by $176,000. 2. increase by $336,000. 3. increase by $160,000. 4. be unaffected."</em>

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Common stock will increase by $160,000, the par value, and paid-in capital in excess of par value will increase by $176,000, for a total increase in stockholders' equity of $336,000.