On February 2,2012,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 2,2012 transaction?

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The Answer of On February 2,2012,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 2,2012 transaction?

On February 2,2012,Barker's Pool Supply Corporation Issued 900 Shares of No-Par