On January 1, 2010, Russell issues 10,000 additional shares of common stock for $15 per share. Chapman
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On January 1, 2010, Russell issues 10,000 additional shares of common stock for $15 per share. Chapman does not acquire any of this newly issued stock. How does this transaction affect the parent company’s Additional Paid-In Capital account? LO4
a. Has no effect on it.
b. Increases it by $ 16,600.
c. Decreases it by $31,200.
d. Decreases it by $48,750.
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Related Book For 
Advanced Accounting
ISBN: 9780073379456
9th Edition
Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle
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