Question: Help Save & Exit Ogilvie Corporation issued 2 0 , 0 0 0 shares of no - par stock for $ 4 0 per share.

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Ogilvie Corporation issued 20,000 shares of no-par stock for $40 per share. Ogilvie was authorized to issue 43,000 shares. What effect will this event have on the elements of the company's financial statements?
Multiple Choice
Increase assets and increase stockholders' equity by $800,000
Increase assets and increase stockholders' equity by $1,720,000
None of these answer choices are correct.
Increase cash inflows from investing activities by $800,000
Help Save & Exit Ogilvie Corporation issued 2 0 ,

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