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

---

Definitions:

Myelin Sheaths

Protective coverings made of myelin that surround the axons of many neurons, increasing the speed at which electrical impulses propagate along the nerve cells.

Glistening Appearance

A physical trait where a surface appears shiny or sparkles, often due to being wet or polished.

Effector

A part of the body, such as a muscle or organ, that produces a response when stimulated by a nerve impulse.