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

Question

Quizplus · Accepted Answer

The Answer of 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

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