Alma Corp. issues 1,000 shares of $10 par value common stock at $16 per share. When the transaction is recorded, a credit or credits are made to:
A) Common Stock $16,000
B) Common Stock $10,000 and Additional Paid-in Capital $6,000
C) Common Stock $6,000 and Additional Paid-in Capital $10,000
D) Common Stock $10,000 and Retained Earnings
Answer: B
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