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Dillon Snowboards Ltd Issued 60 No-Par-Value Common Shares for $10,000

Question 13

Multiple Choice

Dillon Snowboards Ltd issued 60 no-par-value common shares for $10,000. The amount of contributed capital arising from this transaction is:

A) $6,000.
B) $10,000.
C) $100.
D) $1,000.
E) $600.

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