Multiple Choice
A company issued 600 shares of $50 par value stock for $45,000.The total amount of contributed capital is:
A) $30,000.
B) $15,000.
C) $45,000.
D) $50.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q53: A stock dividend transfers:<br>A)contributed capital to retained
Q54: A corporation's charter establishes the number of
Q56: Which of the following statements regarding treasury
Q57: Dividends in arrears are reported as liabilities
Q59: A company issues 100,000 shares of preferred
Q60: A debit balance in retained earnings is
Q61: The Return on Equity ratio measures:<br>A)the return
Q62: Which of the following statements regarding dividends
Q63: When a company uses excess cash to
Q277: Which number is potentially the largest?<br>A)The number