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

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Problem 1: 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?

Group of answer choices

Option 1: 1,880,000

Option 2: 2,000,000

Option 3: 80,000

Option 4: No Effect

Reference no: EM132670230

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