Holden Bicycles Has 1,000 Shares Outstanding Each with a Par

question 23

Multiple Choice

Holden Bicycles has 1,000 shares outstanding each with a par value of $0.10. If they are sold to shareholders at $10 each,what would the capital surplus be?

• A) $100
• B) $900
• C) $9,900
• D) $10,000
• E) $11,000

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