Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

The excess of issue price over par of common stock is termed a(n) discount income deficit premium

Sagot :

Out of the choices provided above, it can be concluded to state that the excess of issue price over par of common stock is termed as premium over allotment. Therefore, the option D holds true.

Share premium can be referred to or considered as the amount in excess of the face value or the par value of the shares being allotted to the applicant. The treatment of the premium amount is done separately while recording this financial transaction as a journal entry in the books of the issuing firm or the organization.

Learn more about share premium here:

https://brainly.com/question/28177958

#SPJ4

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.