- Messages
- 281
- Reaction score
- 160
- Points
- 53
Yes cos you have to close the suspense account.So the correct the error we post it on the credit side???explain ppz
We are currently struggling to cover the operational costs of Xtremepapers, as a result we might have to shut this website down. Please donate if we have helped you and help make a difference in other students' lives!
Click here to Donate Now (View Announcement)
Yes cos you have to close the suspense account.So the correct the error we post it on the credit side???explain ppz
Ohhhh ya bro...then i gt it..thanks and best of luck for ur paperYes cos you have to close the suspense account.
Thanks man, these sums always mess me up!Stock is valued in the balance sheet at lower of cost or net realisable value. The latter is calculated by deducting the the repairs that have to be undertaken from the price that it could be sold at. That is it would be, 2200-400=1800
This is lower than the cost so the answer would be A.
Answer is A.how do you this?
the answer is Ahow do you this?
guys, plz help me in this question :S
A company issues for cash 50000 shares of $5 each at a premium of $15 each and $300000 4% debentures.
By what amount will the net assets of the company increase?
A. $250000
B. $550000
C. $1000000
D. $1300000
yup! why? plz explain?is C the answer
guys, plz help me in this question :S
A company issues for cash 50000 shares of $5 each at a premium of $15 each and $300000 4% debentures.
By what amount will the net assets of the company increase?
A. $250000
B. $550000
C. $1000000
D. $1300000
what does cost plus percentage mean?
we will ignore debentures over here, as debentures would raise the same amount of cash, the effect will be nullified whereas the shares would introduce $1,000,000. so C is the answer
Cost plus percentage means markup added in cost.
how did the share introduced 1000000??
Thnx understood, didnt know that i have to include the 50000 at $550,000 shares * $5 face value = $250,000
Share premium on issue = 50,000 shares * $15 = $750,000
add $250,000 and $750,000 = $1,000,000. cash also increase and on the other had equity increased
For almost 10 years, the site XtremePapers has been trying very hard to serve its users.
However, we are now struggling to cover its operational costs due to unforeseen circumstances. If we helped you in any way, kindly contribute and be the part of this effort. No act of kindness, no matter how small, is ever wasted.
Click here to Donate Now