OPEN ALLOTMENT Definition

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OPEN ALLOTMENT is where there is no restriction as to an amount that may be taken from that which is being allotted.

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PREMIUM ON CAPITAL STOCK is excess received over the par value of stock issued. The premium account is shown under the paid-in capital section of stockholders equity because it resulted from the issuance of stock. It is not an income statement account since the company earns profit by selling goods and services to outsiders, not by issuing shares of stock to owners.

CHANNEL COSTING is the fulfillment cost information pertaining to distribution channels.

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