The sum of the par value amount and the additional paid-in capital amount is the total amount
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Question:
The sum of the par value amount and the additional paid-in capital amount is the total amount received from shareholders for the shares when the firm first issued them. This total amount is also called _____.
A. contributed capital
B. paid-in capital.
C. treasury stock
D. Both answer choices a and b are correct.
E. None of these answer choices is correct.
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date: