Question 40

Maercker Company has 130,000 shares authorized and 10,000 shares issued of $10 par value common stock. On January 1, 2016, the company issues an additional 2,000 shares of common stock in exchange for a building, which has a market value of $300,000. The journal entry to record the exchange will cause Total Paid-In Capital to:

	A.	Increase by $20,000
	B.	Increase by $100,000
	C.	Increase by $180,000
	D.	Increase by $300,000