On February 2, 2014, Barker's Pool Supply Corporation issued 900 shares of no-par stock for $7 per share. Within two hours of the issue, the stock's price jumped on the UMSL stock exchange to $11 per share. Which of the following answers describes the effect of the February 2, 2014 transaction? 
A) Choice A
B) Choice B
C) Choice C
D) Choice D
Correct Answer:
Verified
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