Ogilvie Corp. issued 20,000 shares of no par stock for $40 per share. Ogilvie was authorized to issue 43,000 shares. What effect will this event have on the company's financial statements? On January 2, Year 1, Torres Corporation issued 27,000 shares of $20 par-value common stock for $23 per share. Which of the following statements is true? Ogilvie Corp. issued 20,000 shares of no par stock for $40 per share. Ogilvie was authorized to issue 43,000 shares. What effect will this event have on the company's financial statements? On January 2, Year 1, Torres Corporation issued 27,000 shares of $20 par-value common stock for $23 per share. Which of the following statements is true