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The Equity Accounts of Bio-Tech Company Is as Follows

Question 44

Multiple Choice

The equity accounts of Bio-Tech Company is as follows: The equity accounts of Bio-Tech Company is as follows: Suppose that the firm sells 2,000,000 new shares at a price of $20/share. What is the new value of the additional paid-in-capital account? A) $144,000,000 B) $40,000,000 C) $88,000,000 D) $70,000,000 Suppose that the firm sells 2,000,000 new shares at a price of $20/share. What is the new value of the additional paid-in-capital account?


A) $144,000,000
B) $40,000,000
C) $88,000,000
D) $70,000,000

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