Question: When a company issued 2 0 , 0 0 0 shares of $ 1 par value common stock for $ 8 0 , 0 0

When a company issued 20,000 shares of $1 par value common stock for $80,000, the issuance would result in a(n):
Multiple Choice
increase in Common Stock of $80,000.
decrease in Additional Paid-In Capital of $60,000.
increase in Common Stock of $20,000.

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