Answer:
It will increase the assets of the company by 1200000,it will increase the equity of the company by 1200000.
Explanation: A No-par value stock or shares is a share that doesn't have any stated or designated value stated in its certificate.
Assets are value yielding or money making investments or facilities of a business Organisation.
Equity is a term used in accounting and investments to refer to the total value of a company's shares or stock.
THE EFFECTS ON OGILVIE CORP. WILL BE THE WORTH OF THE NO PAR STOCK *NUMBER OF UNITS ISSUED WHICH WILL BE EQUAL TO $40*30,000UNITS OF SHARES
=$1,200000 WORTH OF MONEY TO BE DOCUMENTED IN BOTH THE ASSET AND THE EQUITY OF THE COMPANY.
