On January 1, Juniper Corporation issued 60,000 shares of its $4 par value common stock for $8

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On January 1, Juniper Corporation issued 60,000 shares of its $4 par value common stock for $8 per share. On December 31, Juniper Corporation's common stock was trading at $12 per share. Assuming Juniper Corporation did not issue any other common stock, how does the increase in the market value of its outstanding stock affect Juniper? Select one: a. Paid-in capital at December 31, is $720,000 (i.e, 60,000 shares times $12 per share) b. Each shareholder must pay an additional $4 per share to Juniper c. This increase in market value of outstanding stock is not recorded in the financial statements of Juniper Corporation O d. Juniper should recognize additional net income for Year 1 of 54 per share, or $240,000

Posted Date: Jul 11, 2024 01:30 PM

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On January 1, Juniper Corporation issued 60,000 shares of its $4 par value common stock for $8

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