If a Corporation Has Only Ordinary Share Outstanding, Which of the Following

question 41

Multiple Choice

If a corporation has only ordinary share outstanding, which of the following constitutes legal capital at a particular date?

• A) The amount in the Ordinary Share account.
• B) The sum of the Ordinary Share account and any share premium.
• C) The total amount of shareholders' equity.
• D) The sum of the Ordinary Share account and retained earnings.

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Definitions:

Anxiety

A disorder of mental wellbeing defined by extreme levels of concern, unease, or fear, sufficiently intense to hamper routine day-to-day actions.

Nervous System

The complex network of nerve cells and fibers that transmits nerve impulses between parts of the body.

Post-Traumatic Stress Disorder

A psychiatric state initiated by direct exposure to or observation of a distressing incident, featuring persistent recollections, troubling nightmares, and substantial anxiety.

Mental Disorder

A health condition characterized by significant changes in thinking, emotion, or behavior, associated with distress and/or impaired functioning.