Asked by Katlynne Walter on May 02, 2024

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​Cash or other assets from stockholders in exchange for capital stock

A) accounts payable
B) ​assets
C) ​corporation
D) ​cost
E) ​economic entity assumption
F) ​liabilities
G) ​market value
H) ​monetary unit assumption
I) ​note payable
J) ​(paid-in) capital
K) ​partnership
L) ​proprietorship
M) ​retained earnings
N) stockholders' equity

(Paid-In) Capital

The amount of money that a company has received from shareholders in exchange for shares of stock, contributing to the company's equity.

Capital Stock

The total amount of shares a company can issue, as authorized by its corporate charter.

  • Comprehend the function of stockholders' equity and its elements within a corporate entity.
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ZK
Zybrea KnightMay 09, 2024
Final Answer :
J
Explanation :
NThe correct answers are J) (paid-in) capital and N) stockholders' equity. (Paid-in) capital refers to the funds received from stockholders in exchange for shares of the company's stock, which directly matches the definition provided. Stockholders' equity represents the ownership interest of shareholders in the corporation, which includes (paid-in) capital among other components.