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Holden Bicycles has 1,000 shares outstanding each with a par value of $0.10. The current market price is $10.00 and was sold to shareholders at

Holden Bicycles has 1,000 shares outstanding each with a par value of $0.10. The current market price is $10.00 and was sold to shareholders at $12 each, what would the capital surplus be?

a. $100

b. $900

c. $9,900

d. $10,000

e. $11,900

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