If Sunshine Tanning's founders invested $10 000 by buying the original 500 shares at $20.00 per share in 1994 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
A) $40 000
B) $50.00 per shareholder
C) $60 000
D) $51 000
E) $100.00 per shareholder
Correct Answer:
Verified
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