Question: in a recent year, Teach, Inc., a designer and marketer of handbags and other accessories, issued 11,200 shares of its $0.06 par value stock for
in a recent year, Teach, Inc., a designer and marketer of handbags and other accessories, issued 11,200 shares of its $0.06 par value stock for $48,000 (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 Common Stock Additional Paid-in Retained Shares Amount Capital Earnings Equity Total Stockholders' Shares issued for employee stock option plan saved
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