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Toms Wear issued 20,000 shares of stock for $20 per share. This transaction had the following effect on the Toms Wear balance sheet increase cash

Toms Wear issued 20,000 shares of stock for $20 per share. This transaction had the following effect on the Toms Wear balance sheet increase cash $400,000 and increase _____ $400,000

a. paid-in capital

b.retained earnings

c.additional paid-in capital

d. treasury stock

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