Quality cleaning corp. issued 50 no - per value common shares for land with a...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Quality cleaning corp. issued 50 no - per value common shares for land with a market value of $4000. Dillon's had originally issued common shares at $100 two year ago, but there is currently no market value available for their shares. the amount of contributed capital arising from this transaction is A. $600 B. $100 C. $1000 D. $4000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
