Backdoor Inc. had 200,000 shares of $ 5 par common stock outstanding. The company declared a stock

Question:

Backdoor Inc. had 200,000 shares of $ 5 par outstanding. The company declared a stock of 30,000 shares when the market price was $ 25. By how much did additional paid- in capital increase when the was declared?
a. $ 0
b. $ 600,000
c. $ 150,000
d. $ 750,000 Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...