q12

Help Save & Exit Subm On January 2, Year 1, Pfizer Drug Company a major manufacturer of generic drugs issued 20,000 shares of $10 par-value common stock for $11 per share. Which of the following statements is true? Multiple Choice The Cash account will increase by $200,000. IT The Additional Paid in Capital will increase by $20,000. Total stockholders' equity will increase by $200,000. The Common Stock account will increase by $220,000