In a recent year, Tapestry Inc., parent company of major fashion brands Coach New York, Kate Spade

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In a recent year, Tapestry Inc., parent company of major fashion brands Coach New York, Kate Spade New York, and Stuart Weitzman, issued 1,300,000 shares of its $0.01 par value stock for $10,500,000 (these numbers are rounded). These additional shares were issued under an employee stock option plan. Prepare the line on the statement of stockholders’ equity that would reflect this transaction. The statement has the following columns:

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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