Alpha Company issued 6,300 shares of $10 par value common stock to stockholders, in exchange for $636,300 cash. Which of the following correctly describes the impact of this transaction on Alphas financial statements?

Multiple Choice

• Additional paid-in capital of $573,300 is reported in stockholders' equity.

• A $636,300 investment is reported as a long-term investment.

• Stockholders have invested $699,300 as stockholders' equity.

• Common stock is reported at $636,300 in stockholders equity.