Lakeshore IndustriesThis company reported the following information on its recent balance sheet:Common stock, $10 par, 100,000 shares authorized, 75,000 shares issued and outstanding
Refer to Lakeshore Industries. What is the effect on the company's accounting equation of issuing 1,000 additional shares of common stock at $15 per share?
A. Assets increase $10,000.
B. Stockholders' equity increases $15,000.
C. Stockholders' equity increases $10,000.
D. Assets decrease $15,000.
Answer: B
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