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

a. Always equal to its par value.
b. Always equal to its stated value.
c. Referred to as paid-in capital.
d. Referred to as retained earnings.
e. Always below its stated value.

Respuesta :

Tundexi

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 referred to as paid-in capital.

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

Total of cash and other assets should = Paid in capital

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