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18. During the current year, Stay Lit issued 30,000 of its $1 par common shares for $440,000 Legal promotional, and accounting services necessary to issue
18. During the current year, Stay Lit issued 30,000 of its $1 par common shares for $440,000 Legal promotional, and accounting services necessary to issue the shares cost $10,000. By what amount will Stay- Lits Paid-in capital excess of par increase for this transaction? a. $430,000 b. $420,000 c. $400,000 d. $460,000
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