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Une major component of equity is contributed capital. What does contributed capital represent? a. If the company took all of their assets and paid
Une major component of equity is contributed capital. What does contributed capital represent? a. If the company took all of their assets and paid off all their liabilities, this is what would be remaining. b. This represents the amount of cash currently in the company that belongs to the owners. c. This represents all of the profits (minus all the losses), minus dividends paid out to owners, that have been kept in the company. d. This represents the value of what the owners put into the company, at the time they put it in. e. This represents the amounts the company owes to the owners, plus whatever interest rate they agreed to pay. 6. Opus Corp has decided to issue equity in order to raise capital to expand operations The company has received approval from the board of directors to issue 90,000 shares of the company's common stock on May 1, 2020. On the date of issue, the comm stock has a par value of $0.50 and a market value of $4. What amount will Opus Corp record as Common Stock on May 1, 2020? a. $0. I b. $45,000. c. $315,000. d. $360,000. e. $405,000. 10 Stop Swe
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