On January 2, Year 1, Torres Corporation Issued 20,000 Shares

Multiple Choice

On January 2, Year 1, Torres Corporation issued 20,000 shares of $10 par-value common stock for $11 per share. Which of the following statements is true?

A) The common stock account will increase by $220,000.
B) The cash account will increase by $200,000.
C) Total stockholders' equity will increase by $200,000.
D) The paid-in capital in excess of par value account will increase by $20,000.