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On January 2,2016,torres Corporation Issued 20,000 Shares of $10 Par-Value

Question 50
Multiple Choice

On January 2,2016,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 equity will increase by $200,000. D)The Paid-in Capital in Excess of Par Value account will increase by $20,000.

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