If 10,000 Shares with Par Value of $15/share Are Issued

question 47

Multiple Choice

If 10,000 shares with par value of $15/share are issued for $20/share,how much will be presented as "contributed capital" for financial statement purposes?

• A)$10,000
• B)$50,000
• C)$150,000
• D)$200,000

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