A company issued 100,000 shares of common stock with a par value of ($ 1) per share.

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A company issued 100,000 shares of common stock with a par value of $\$ 1$ per share. The stock sold for $\$ 20$ per share. By what amount does stockholders' equity increase?

a. $\$ 100,000$

c. $\$ 2,000,000$

b. $\$ 1,900,000$

d. No change in stockholders' equity

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Financial Accounting

ISBN: 9780078111020

7th Edition

Authors: Robert Libby, Patricia A Libby

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Question Posted: May 23, 2024 05:02 AM

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A company issued 100,000 shares of common stock with a par value of ($ 1) per share.

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Financial Accounting

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