22. On January 1, 2004, Russell issues 10,000 additional shares of common stock for $15 per share. Chapman does not acquire any of this newly issued stock. How would this transaction affect the Additional Paid-In Capital account of the parent company?
a. Has no effect on it.
b. Increases it by $16,600.
c. Decreases it by $31,200.
d. Decreases it by $48,750.
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