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If Sunshine Tanning's Founders Invested $10 000 by Buying the Original

Question 81

Short Answer

If Sunshine Tanning's founders invested $10 000 by buying the original 500 shares at $20.00 per share in 2008 and then raised $50 000 by selling 500 more shares at $100 per share, the additional paid-in capital would bring shareholder's equity to
$40 000.
$50.00 per shareholder.
$60 000.
$51 000.
$100.00 per shareholder.

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