The U.K.Equity account "Share premium" is reported on U.S.GAAP balance sheets as
A)capital reserve.
B)revaluation reserve.
C)capital in excess of par.
D)an accumulated other comprehensive income account.

Question

Quizplus · Accepted Answer

Share premium in U.K. Equity refers to the excess amount paid by shareholders over the face value of shares. In the U.S.GAAP balance sheet, this is reported as "Capital in excess of par" which represents the amount by which the share price exceeds the par value.

The UKEquity Account "Share Premium" Is Reported on U