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:

Motor Skill Development

The progress of muscle coordination, strength, and movements that enable an individual to perform complex physical tasks.

Socialization

The process through which individuals acquire the norms, values, behaviors, and social skills appropriate to their society.

Agent

An individual or entity authorized to act on behalf of another person or group, usually in a legal or business context, to negotiate and implement actions.

Target

In social influence, the person who is affected by a social influence attempt from the source. In aggression, the person toward whom an aggressive act is directed.