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:

Armenia

A landlocked country located in the South Caucasus region of Eurasia, known for its rich history and cultural heritage.

Protect Archaeological Sites

The practice of safeguarding places of historical and cultural significance from destruction, looting, and deterioration to preserve them for future research and education.

World Heritage

Sites of cultural or natural importance recognized by the United Nations Educational, Scientific and Cultural Organization (UNESCO) for conservation and protection.

Hydraulic Theory

A theory suggesting that the development and complexity of some ancient civilizations were primarily driven by the management and control of water resources.