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What will be the increase in the Additional paid-in capital in excess of par value account if a corporation issues 20,000 shares of $1 par

What will be the increase in the Additional paid-in capital in excess of par value account if a corporation issues 20,000 shares of $1 par value common stock for $6 per share?

  • A. $100,000
  • B. $140,000
  • C. $20,000
  • D. $120,000

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