If a Company Issues 2,000 Shares for $55 and Then

question 75

Multiple Choice

If a company issues 2,000 shares for $55 and then repurchases 50 shares at $55,how much is the contributed capital?

• A)$0
• B)$2,750
• C)$107,250
• D)$110,000

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Definitions:

Transportation Services

Industry sector focused on moving people or goods from one place to another via various modes such as trucks, trains, ships, and airplanes.

Global Supply Chains

Refers to the worldwide interconnected networks through which goods, services, and information flow from suppliers to consumers.

General Agreement on Tariffs and Trade (GATT)

An international treaty that was aimed at reducing tariffs and other trade barriers to promote economic cooperation and international trade.

World Trade Organization (WTO)

An international organization that regulates international trade by enforcing agreed-upon trade rules among its member countries.