Contributed capital represents the cumulative profits and losses of the corporation less dividends declared and distributed.

Name: Contributed capital represents the cumulative profits and losses of the corporation less dividends declared and distributed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Contributed capital refers to the funds received by a corporation from its investors in exchange for stocks. It is not affected by profits, losses or dividends declared and distributed.

Contributed Capital Represents the Cumulative Profits and Losses of the Corporation