Ogilvie Corp. issued 22,000 shares of no-par stock for $20 per share. Ogilvie was authorized to issue 45,000 shares. What effect will this event have on the elements of the company's financial statements?
A. Increase assets and increase stockholders' equity by $900,000
B. Increase cash inflows from investing activities by $440,000
C. Increase assets and increase stockholders' equity by $440,000
D. None of these answer choices are correct.
Answer: C
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One of the main disadvantages of the corporate form is the
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