On January 1, 2018, Stamford issues 10,000 additional shares of

On January 1, 2018, Stamford issues 10,000 additional shares of common stock for $15 per share. Neill does not acquire any of this newly issued stock. How does this transaction affect the parent company's Additional Paid-In Capital account?
a. Has no effect on it.
b. Increases it by $44,000.
c. Decreases it by $35,200.
d. Decreases it by $55,000.
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...