alue per share $=(($Stockholders Equity $-$ Preferred Stock$)/$Outstanding Common Shares$)$

Question $20$

$3\mathrm{.}33$ pts

London Company issued $16,000$ shares of $$10$ par value common stock at a market price of $$21.$ As a result of this accounting event, the amount of stockholders' equity would:

be unaffected.

increase by $$176,000.$

increase by $$160,000.$

increase by $$336,000.$