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The correct answer is b. treasurystockwas in excess of stock originally issued.Contributed capital represents the amount of capital contributed by shareholders to a company in exchange for ownership interest, typically through the purchase of shares. It is recorded as a positive dollar amount on the company'sbalance sheet. However, there are scenarios where contributed capital might become a negative dollar amount. One such scenario is when a company repurchases its own shares, known as treasury stock, in excess of the stock originally issued.This reduces the total contributedcapitaland can result in a negative balance. It reflects that the company has effectively "paid back" or reduced the amount of capital originally contributed by shareholders. This situation is relatively rare and usually occurs when a company has engaged in significant share repurchases.Therefore, the correct answer is b. treasurystockwas in excess of stock originally issued.Learn more aboutbalance sheet.brainly.com/question/34287613#SPJ11...