Bullwinkle Corporation issued 25,000 shares of $30 par value common stock at $90 per share. As a result of this transaction, Bullwinkle Corporation's:
A) Paid-in Capital in Excess of Par Value increased by $2,250,000
B) Paid-in Capital in Excess of Par Value increased by $750,000
C) Common Stock increased by $2,250,000
D) Common Stock increased by $750,000
Correct Answer:
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