Contributed Capital Consists of Which of the Following Two Accounts

question 33

Multiple Choice

Contributed capital consists of which of the following two accounts?

• A)Common stock and Additional paid in capital
• B)Common stock and Retained earnings
• C)Additional paid in capital and Retained earnings
• D)Retained earnings and Cash

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Definitions:

Railroad Construction

This involves the building of railway lines, which was crucial for industrial growth and westward expansion in many countries during the 19th century.

Horace Greeley

An American newspaper editor and politician who founded the New York Tribune and was a major figure in the early Republican Party.

Primary Goal

The main or most important objective aimed to be achieved in a plan, strategy, or endeavor.

Emancipation

The act of freeing someone from slavery or bondage; famously refers to the Emancipation Proclamation by President Abraham Lincoln during the Civil War.