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On April 23, 2020, Purduee DSL issued 20,000 shares of $2 par value common stock for...

On April 23, 2020, Purduee DSL issued 20,000 shares of $2 par value common stock for $15 per share. Which of the following statements is true?

  • The Additional Paid-in Capital account will increase by $40,000.

  • The Common Stock account will increase by $300,000.

  • The Cash account will increase by $40,000.

  • Total stockholders' equity will increase by $300,000.

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