Company Y issues 1,000,000 shares of common stock at an issue price of $10 dollar. If the par value of the stock is $1 dollar what are the impacts to the balance sheet at the time of issues.

A.Common stock increases by $10 million and stock payable decreases by $10 million

B.Common Stock increases by $11 million and additions to paid in capital decreases by $1M

C.Common stock increases by $9 million and additions to paid in capital increases by $1 million

D.Common stock increases by $1 million and additions to paid in capital increases by $9 million