A company issued 1,000 shares of

$10

par value common stock to stockholders, in exchange for

$15,000

cash. Which of the following correctly describes the impact of this transaction on the company's financial statements?\ Multiple Choice\ A

$15,000

investment is reported as a long-term investment.\ Stockholders have invested

$25,000

as stockholders' equity.\ Common stock is reported at

$15,000

in stockholders' equity.\ Additional paid-in capital of

$5,000

is reported in stockholders' equity.

A company issued 1,000 shares of $10 par value common stock to stockholders, in exchange for $15,000 cash. Which of the following correctly describes the impact of this transaction on the company's financial statements? Multiple Choice A $15,000 investment is reported as a long-term investment. Stockholders have invested $25,000 as stockholders' equity. Common stock is reported at $15,000 in stockholders' equity. Additional paid-in capital of $5,000 is reported in stockholders' equity