Question: On January 1 2014 Stamford issues 10 000 additional shares of

On January 1, 2014, Stamford issues 10,000 additional shares of common stock for $25 per share. Neill acquires 8,000 of these shares. How will this transaction affect the parent company’s Additional Paid-In Capital account?
a. Has no effect on it.
b. Increases it by $20,500.
c. Increases it by $36,400.
d. Increases it by $82,300.

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  • CreatedJanuary 08, 2015
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