All of the following are a part of contributed capital except:
A)Common Stock.
B)Additional Paid-in Capital.
C)Preferred Stock.
D)Retained Earnings.

Question

Quizplus · Accepted Answer

Contributed capital reports the amount of capital the company received from investors' contributions,in exchange for the company's common stock and preferred stock.For this reason,contributed capital represents paid-in capital.Retained Earnings reports the cumulative amount of net income earned by the company less the cumulative amount of dividends since the corporation was first organized.Retained Earnings represents earned (rather than contributed)capital.

All of the Following Are a Part of Contributed Capital