When 35,000 common shares are issued at $16.50 per share,total contributed capital:

Name: When 35,000 common shares are issued at $16.50 per share,total contributed capital:
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Question

Quizplus · Accepted Answer

To calculate the total contributed capital, we need to multiply the number of shares issued by the issue price per share. Therefore, the total contributed capital from issuing 35,000 common shares at $16.50 per share would be:

35,000 x $16.50 = $577,500

Thus, the correct answer is A - increases by $577,500.

When 35,000 Common Shares Are Issued at $16