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.

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Definitions:

Deviance

Actions or behaviors that violate societal norms or expectations.

Unusualness

Refers to the state of being odd, rare, or uncommon in any given context.

Exorcism

A religious or spiritual practice of evicting demons or other spiritual entities from a person or area they are believed to have possessed.

Herbal Medication

The use of plants or plant extracts for medicinal purposes to treat or prevent various diseases.