CONTRIBUTED SURPLUS Definition

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CONTRIBUTED SURPLUS is money a company receives by selling shares above par value or their stated value, or from government donation of land to the company, etc. Contributed Surplus is a balance sheet item that is part of the shareholders' equity.

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REMITTING BANK is a bank that sends a draft to the overseas bank for collection.

CENT is a currency of: United States of America, Sierra Leone, China, South Africa etc.

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