3 years ago

The total amount of cash and other assets received by a corporation from its stockholders in exchange for its stock is:________

Business

1 answer:

Ipatiy [6.2K]3 years ago

3 0

Answer:

c. Referred to as paid-in capital.

Explanation:

The total amount of cash and other assets received by a corporation from its stockholders in exchange for its stock is <u>referred to as paid-in capital</u>.

i.e. Total of assets should = Total liabilities.

Total of cash and other assets should = Paid in capital

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We simply divide the total cost and expenses amount with the production units and then multiply it by unsold units

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