Multiple Choice
Fixit Corporation issued 20,000 shares of $20 par value common stock at its current market price of $32.How does this event affect total stockholders' equity?
A) It increases by $640,000.
B) It is unaffected.
C) It increases by $240,000.
D) It increases by $400,000.
Correct Answer:
Verified
Correct Answer:
Verified
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