Paid-in capital is the total amount of cash and other assets the corporation receives from its shareholders in exchange for its shares.

Name: Paid-in capital is the total amount of cash and other assets the corporation receives from its shareholders in exchange for its shares.
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Question

Quizplus · Accepted Answer

Paid-in capital refers to the total value of cash and assets a corporation receives from its shareholders when they purchase stock in the company. This capital is used to finance the company's operations and growth.

Paid-In Capital Is the Total Amount of Cash and Other