Use the Following Information to Answer Questions

question 56

Multiple Choice

Use the following information to answer questions.
-The dollar amount of share capital is

• A) $406,000.
• B) $236,000.
• C) $140,000.
• D) $ 96,000.

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Definitions:

Illegal Contract

An agreement that is void and unenforceable by law due to its illegal subject matter or terms.

Legislation

The process of making or enacting laws.

Void

A term describing a legal document that is null and has no legal force or effect.

Willful

Actions done intentionally or with reckless disregard for the outcome, particularly relating to misconduct or negligence.