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Fox Co. issues 1,000 preferred shares, $80 par, at $81 market price, and declares a 2 for 1 common stock split on 10,000 common shares
Fox Co. issues 1,000 preferred shares, $80 par, at $81 market price, and declares a 2 for 1 common stock split on 10,000 common shares outstanding with $5 par value, $50 market price. In the entry for these events, what is the total amount credited to any additional-paid-in-capital accounts?
$51,000
$81,000
$50,000
$1,000
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