Multiple Choice
Which one of the following statements regarding the share premium account is true?
A) The share premium account represents part of the company's reserves.
B) The share premium account arises when shares are issued at less than their nominal value.
C) The share premium account can only exist when the company has issued preference shares.
D) The share premium account increases when an existing shareholder sells their shares for more than they cost.
Correct Answer:
Verified
Correct Answer:
Verified
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