The amounts that firms report as received from owners are equal to the amounts the firm received when it originally issued the shares of stock.

Name: The amounts that firms report as received from owners are equal to the amounts the firm received when it originally issued the shares of stock.
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Question

Quizplus · Accepted Answer

The amounts reported as received from owners, known as "paid-in capital," reflect the original amount received by the firm when it issued the shares, not their current market value.

The Amounts That Firms Report as Received from Owners Are