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Problem 1: In the Owl Co. entry to record the declaration and issuance of a common stock dividend of 15,000 shares when there are 50,000 common stock shares outstanding before this declaration at $3 par and $50 market price, what is the increase to the Additional-Paid-In Capital Account?
Group of answer choices
Option 1: 1,880,000
Option 2: 2,000,000
Option 3: 80,000
Option 4: No Effect
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