When incorporated Y Ltd. issued 2,000 common shares to A for $2,000. In year 2, Y Ltd. issued 1,600 additional common shares to B for $16,000, the market value of the shares at that date. What is the total paid-up capital (PUC) of the common shares owned by A?

Answer rating: 100% (QA)

Answer Paidup capital The paidup capital refers to the amount that has been received ... View the full answer