Xi Company issued 20,000 shares of $10 par value common stock at a market price of $16. As a result of this accounting event, the amount of stockholders' equity would

Question

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Common stock will increase by $200,000, the par value, and paid-in capital in excess of par value will increase by $120,000, for a total increase in stockholders' equity of $320,000.

Xi Company Issued 20,000 Shares of $10 Par Value Common