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.
STRONG, from a corporate perspective, usually means having or wielding force or authority within that entitys market segment or niche.
CLOSELY HELD is a description of a corporation whose voting stock is owned by a very small number of shareholders.
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