Fox Co. issues 1,000 preferred shares, $80 par, at $81 market price, and declare

Question

Fox Co. issues 1,000 preferred shares, $80 par, at $81 market price, and declares a 2 for 1 common stock split on 10,000 common shares outstanding with $5 par value, $50 market price. In the entry for these events, what is the total amount credited to any additional-paid-in-capital accounts? $51,000 $81,000 $50,000 $1,000 Fox Co. issues 1,000 preferred shares, $80 par, at $81 market price, and declares a 2 for 1 common stock split on 10,000 common shares outstanding with $5 par value, $50 market price. In the entry for these events, what is the total amount credited to any additional-paid-in-capital accounts? $51,000 $81,000 $50,000 $1,000 Fox Co. issues 1,000 preferred shares, $80 par, at $81 market price, and declares a 2 for 1 common stock split on 10,000 common shares outstanding with $5 par value, $50 market price. In the entry for these events, what is the total amount credited to any additional-paid-in-capital accounts? $51,000 $81,000 $50,000 $1,000

Explanation / Answer

Answer will be $1000

1000 shares* $1(81-80)

As due to stock split balance in common stock account remains unchanged( number of shares increases but price decreases.

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