The total amount of cash and other assets received by a corporation from its shareholders in exchange for common shares is included in:
A) Retained earnings.
B) Contributed capital.
C) Equity.
D) Private held shares.
E) Organization costs.

Question

Quizplus · Accepted Answer

Contributed capital represents the total amount of cash and other assets that shareholders have invested in the corporation in exchange for common shares.

The Total Amount of Cash and Other Assets Received by a Corporation