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If a Company Issues 2,000 Shares for $55 and Then

Question 87

Multiple Choice

If a company issues 2,000 shares for $55 and then repurchases 50 shares at $50 and subsequently purchase another 50 shares at $60 each,how much is in the account "contributed surplus on retirement of shares"?


A) $250
B) $0
C) $107,250
D) $110,000

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