Spring Season Corporation began business in 2011 by issuing 20,000 shares of $5 par common stock for $8 per share. At year end, the common stock had a market value of $10 Spring Season would report 100,000 $5 160,000 $8 60,000 APIC A gain of $60,000 B) No recording of change in market value Increase total paid in capital by $60,000 55. A corporation purchases 90,000 shares of its own $100 par common stock for $56 per share What will be the effect on total stockholders' equity? paid 5,040,000 A) Increase by $9,000,000 B) Decrease by $9,000,000 CDecrease by $5,040,000 D) Increase by $5,040,000 9,000,000 3,960,000