If a Corporation Issues 1,000 of Its Shares for $15

question 77

True/False

If a corporation issues 1,000 of its shares for $15 per share, contributed capital increases by $15,000.

---

Definitions:

Labor Agents

Individuals or entities responsible for recruiting workers for employment, often playing a significant role in industries requiring a large labor force.

Meat Inspection Act

A 1906 U.S. law aimed at preventing adulterated or misbranded meat and meat products from being sold as food and ensuring sanitary conditions in meat processing plants.