A share premium is an example of?
...A share premium is an example of?
issued capital
capital stock
equity capital
capital reserve
Correct answer is D
A capital reserve is created out of capital profits such as cash received by selling current assets, the premium earned on the issue of share and debentures, excess on revaluation of assets and liabilities. It is an account on a balance sheet reserved for contingencies or to offset capital losses.
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