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On November 25, Astoria Corporation issued 60,000 shares of its $5 par value common stock...

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Accounting

On November 25, Astoria Corporation issued 60,000 shares of its $5 par value common stock for $10 per share. On December 31, Astoria Corporation's common stock was trading at $15 per share.
Assuming Astoria Corporation did not issue any other common stock, how does the increase in the market value of its outstanding stock affect Astoria?
Select one:
a. Astoria should recognize additional net income for Year 1 of $5 per share, or $300,000
b. Paid-in capital at December 31, is $900,000(i.e.,60,000 shares times $15 per share).
c. Each shareholder must pay an additional $5 per share to Astoria
d. This increase in market value of outstanding stock is not recorded in the financial statements of Juniper Corporation
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