Out of the choices provided above, it can be concluded to state that the excess of issue price over par of common stock is termed as premium over allotment. Therefore, the option D holds true.
Share premium can be referred to or considered as the amount in excess of the face value or the par value of the shares being allotted to the applicant. The treatment of the premium amount is done separately while recording this financial transaction as a journal entry in the books of the issuing firm or the organization.
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