Multiple Choice
On February 2, Year 1, the Farmer Corporation issued 9,000 shares of no-par stock for $17 per share. The next day, the stock's price jumped on the New York Stock Exchange to $21 per share. Which of the following answers describes the effect of the February 2, Year 1 transaction? 
A) Choice A
B) Choice B
C) Choice C
D) Choice D
Correct Answer:
Verified
Correct Answer:
Verified
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