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.

---

Definitions:

Whalebone

A strong, flexible material from the baleen plates of whales, historically used in corsets, whips, and other products.

Affects

Refers to the consequence or impact of one thing on another; can also refer to emotive expressions in psychology.

Clawed Toes

A condition where toes possess or resemble claws, often referring to a deformity or an animal's natural characteristic.

Down Covered Neck

A description typically relating to birds or articles of clothing where the neck region is covered with soft, fine feathers or down-like material.