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  3. paid up capital is best described as ________. cho

Paid Up Capital is BEST described as ________. Choose the correct answer. A....

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Accounting

Paid Up Capital is BEST described as ________.

Choose the correct answer.

A. the cumulative amount received by a corporation on issue of its shares

B. the amount of cash a corporation has on hand to be paid to its shareholders

C. the amount of capital a corporation has available to use without further borrowing

D. the accumulated and undistributed earnings of a corporation

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