A company issues 30,000 shares of $8 par valuecommon stock at $12 per share.As a result of this transaction, how much does the Paid-in Capital increase by?A. $120,000B. $240,000C. $90,000D. $30,000

Calculate the total proceeds from the stock issuance:Number of shares = 30,000Selling price per…

Answered: A company issues 30,000 shares of $8…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter14: Distributions To Shareholders: Dividends And Repurchases

Section: Chapter Questions

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A company issues 30,000 shares of $8 par value common stock at $12 per share. As a result of this transaction, how much does the Paid- in Capital increase by? A. $120,000 B. $240,000 C. $90,000 D. $30,000