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:

Irritable

A state of increased sensitivity to stimuli resulting in quick temper or frustration.

Panic Disorder

A psychiatric disorder characterized by unexpected and repeated episodes of intense fear accompanied by physical symptoms that may include chest pain, heart palpitations, shortness of breath, dizziness, or abdominal distress.

Somatoform Disorder

A mental disorder characterized by physical symptoms that have no identifiable physical cause, often linked to psychological factors.

Hypochondria

An excessive preoccupation with and worry about having a serious illness, despite medical reassurance and lack of diagnostic evidence.