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Horton Co. was organized on January 2, 2018, with 500,000 authorized shares of $10 par value common stock. During 2018, Horton had the following transactions:
Horton Co. was organized on January 2, 2018, with 500,000 authorized shares of $10 par value common stock. During 2018, Horton had the following transactions: January 5 - issued 375,000 shares at $14 per share July 27 - purchased 25,000 shares at $11 per share November 25 - sold 20,000 shares of treasury stock at $13 per share By how much does the balance in the Additional Paid-in Capital account increase or decrease on November 25? O $40,000 decrease $20,000 increase O $40,000 increase $20,000 decrease
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