The Share Premium in excess of par account normally arises in the accounting records when? the fair value of the shares rises above par value. the number of shares issued equals the number authorized. share capital is issued at an amount greater than par value. the stated value of share capital is greater than the par value.

The Share Premium in excess of par account normally arises in the accounting records when? the fair value of the shares rises above par value. the number of shares issued equals the number authorized. share capital is issued at an amount greater than par value. the stated value of share capital is greater than the par value.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The Share Premium in excess of par account normally arises in the accounting records when?

the fair value of the shares rises above par value.

the number of shares issued equals the number authorized.

share capital is issued at an amount greater than par value.

the stated value of share capital is greater than the par value.

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