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What is increase to the additional-paid-in capital account

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Reference no: EM132711996

Question - In the Owl Co. entry to record the declaration and issuance of a common stock dividend of 15,000 shares when there are 50,000 common stock shares outstanding before this declaration at $3 par and $50 market price, what is the increase to the Additional-Paid-In Capital Account?

a. 1,880,000

b. 2,000,000

c. 80,000

d. No Effect

Reference no: EM132711996

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