On January 2,Year 1,Torres Corporation Issued 20,000 Shares of $10

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.