Which Statement About Contributed Surplus Is Correct

question 24

Multiple Choice

Which statement about contributed surplus is correct?

• A)Contributed surplus can only arise from the issuance of shares.
• B)Contributed surplus can arise from the issuance of stock options.
• C)Contributed surplus arising from share repurchase gives rise to a debit journal entry.
• D)Contributed surplus arising from share issuance gives rise to a debit journal entry.

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Definitions:

Culturally Universal

Traits or concepts that are found and recognized in all human cultures, implying a commonality in human experience or biology.

Cultural Syndrome

describes shared attitudes, beliefs, categorizations, and norms that characterize an ethnic, racial, or cultural group, and influence members' behavior and perceptions.

Subordinated

Made lower in rank or position or considered of less importance or value than something else.

Collectivism

A social-cultural paradigm that emphasizes the interdependence of individuals within their communities or societies.