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EverBlue Company issued 30,000 shares of common stock in 2018. The par value of the...

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Question

Accounting

EverBlue Company issued 30,000 shares of common stock in 2018. The par value of the common stock is $1 per share. The selling price is $20 per share. Which of the following is true?

Group of answer choices

Stockholders equity increases by $600,000.

Stockholders equity increases by $30,000.

Stockholders equity decreases by $30,000.

Stockholders equity decreases by $600,000.

Answer & Explanation Solved by verified expert
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