On April 23, 2020, Purdue DSL issued 20,000 shares of $2 par value common stock for $15 per share. Which of the following statements is true? Multiple Choice The Additional Paid-in Capital account will increase by $40,000. The Common Stock account will increase by $300,000. The Cash account will increase by $40,000. Total stockholders' equity will increase by $300,000. Libby, Inc. has 1,000,000 shares of $4 Par Common stock authorized. Libby shows a total of $660,000 in its Common Stock account and $1,600,000 in its Additional Paid-in Capital account. How many shares of Libby stock have been issued? Multiple Choice 165,000 565,000 400,000 c ) The number of shares cannot be determined using the information provided. Smithville Processing has 2,000,000 shares of $4 Par Common stock authorized. Bakersfield has issued some of these shares and is showing $1,600,000 in its Common Stock account and $3,600,000 in its Additional Paid-in Capital account. How many shares of Angus stock have been issued? Multiple Choice 400,000 900,000 1,300,000 The number of shares cannot be determined using the information provided