1. The par value of a share capital is

a. The present value of the share

b. The legal nominal value assigned to the share

c. The amount received by the corporation when the share capital was originally issued

d. he liquidation value of the share

2. On January 1, 2020, SB Conglomerates, authorized ordinary share was sold on a subscription basis at a price in excess of par value. 20% of the subscription price was collected. On March 1, 2020, the remaining 80% of the subscription price was collected. Additional paid in capital would increase on

1.MARCH 1, 2020

2.JANUARY 1 AND MARCH 1, 2020

3.NEITHER IN JANUARY 1 NOR MARCH 1, 2020

4.JANUARY 1, 2020

Answer rating: 100% (QA)

1 Option C is correct c The ... View the full answer