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1. Cooke Corporation issues 10,000 shares of $1 par value common stock for cash at $60 per share. In the stockholders' equity section, the effects

1. Cooke Corporation issues 10,000 shares of $1 par value common stock for cash at $60 per share. In the stockholders' equity section, the effects of the transaction above will be reported

A. entirely within the capital stock section.

B. entirely within the additional paid-in capital section.

C. in both the capital stock and additional paid-in capital sections.

D. entirely in the retained earnings section.

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