An additional contributed surplus account under shareholders' equity is the result of:
A) the sale of preferred shares
B) the sale of par value shares
C) the sale of no par value shares
D) legal capital

Question

Quizplus · Accepted Answer

The sale of par value shares can result in an additional contributed surplus account when shares are sold above their par value, with the excess recorded in this account.

An Additional Contributed Surplus Account Under Shareholders' Equity Is the Result