Question 3 Not yet answered Marked out of 1.00 Flag question Time left 0:59:08 Which one of the following statements regarding the share premium account is true? O a. The share premium account arises when shares are issued at less than their nominal value. O b. The share premium account increases when an existing shareholder sells their shares for more than they cost. O c. The share premium account can only exist when the company has issued preference shares. O d. The share premium account represents part of the company's reserves. Previous page Next page