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If a company issues 10,000 shares of $6 par value common stock at a market price of $90 per share, which of the following is
If a company issues 10,000 shares of $6 par value common stock at a market price of $90 per share, which of the following is the correct balance sheet entry?
Select one:
A. Increase cash by $900,000 and increase paid-in capital by $900,000
B. Increase cash by $900,000 and increase retained earnings by $900,000
C. Increase common stock and cash by $60,000
D. Increase revenues by $900,000
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