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    Exam 4: Organization and Operation of Corporations
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    Dillon Snowboards Ltd Issued 60 No-Par-Value Common Shares for $10,000
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Dillon Snowboards Ltd Issued 60 No-Par-Value Common Shares for $10,000

Question 103

Question 103

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

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