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On April 21, 2020, Sykes DSL issued 30,000 shares of $4 par value common stock for $16 per share. Which of the following statements is
On April 21, 2020, Sykes DSL issued 30,000 shares of $4 par value common stock for $16 per share. Which of the following statements is true?
Multiple Choice
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The Additional Paid-in Capital account will increase by $480,000
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The Common Stock account will increase by $120,000.
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The Cash account will increase by $120,000.
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Total stockholders' equity will increase by $360,000.
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