When a Corporation Issues Stock at a Premium, It Reports

question 50

True/False

When a corporation issues stock at a premium, it reports the premium as an Other income item on the income statement.

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Definitions:

Dorsal

Pertaining to the back side of the body in humans, or the upper side in quadrupeds and other animals.

Ventral

Pertaining to the front or anterior of the body; opposite of dorsal, which refers to the back or posterior.

Caudal

Pertaining to, situated at, or directed toward the tail or the hind part of the body.

Splenius

A muscle located in the back of the neck and upper back that helps in movements such as head rotation and extension.