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Question - XYZ Ltd was incorporated on 1 January 2019. A private placement of 5000 shares at $1 a share was made and the public was invited to subscribe for 95 000 shares at the same price. The public issue called for payment in the following instalments:
(a) 40 cents on application
(b) 30 cents on allotment
(c) payment of the call for the balance outstanding by 30 September 2021.
Applications were received for 90 000 shares. All money due on allotment was received by 30 May 2019.
Required - Find the balance of the Share Capital of XYZ Ltd at 30 June 2019?
On March 1, 2015, Eckert and Kelley formed a partnership. Eckert contributed $82, 500 cash and Kelley contributed land valued at $60,000 and a building valued.
A company issued 3%, 16-year bonds with a par value of $560,000. The current market rate is 3%. The journal entry to record each semiannual interest payment is ??
Erica transfers land worth $500,000, basis of $100,000, to a newly formed corporation, Robin Corporation, for all of Robin's stock, worth $300,000, and a 10-year note. The note was executed by Robin and made payable to Erica in the amount of $200,..
Assume that on Jan 2, 20x6, LaSalle of Lyon purchased fixtures for $8,300 cash, show how to compute the gain or loss on LaSalle's disposal of these fixtures
at the end of 8 years your friend wants to have 50000 saved for a down payment on a house. he expects to earn
Kaspar Industries credit sales for January, February, and March to be $205, 100, $263, 100 and $34. Calculate cash collections from customers for each month.
In June of 2019, her duty station changed from Offutt Air Force Base in Nebraska to Lackland Air Force Base in Texas. Compute Joanna moving expenses adjustment
Choose a company and do a Company analysis on its Sales and Competitive Position. The response must be typed.
In 2016, Winslow International, Inc.'s controller discovered that ending inventories for 2014 and 2015 were overstated by 5,380,000 and 5680.000, respectively. Determine the effect of the errors on retained earnings at January 1, 2016.
fremantle fisheries ff operates a fleet of fishing boats out of three ports in western australia - fremantle bunbury
Judith, an accounting major, states, "Strategy analysis seems to be an unnecessary detour in doing financial statement analysis. Why can't we just get straight to the accounting issues?" Explain to Judith why she might be wrong?
The total amount of overhead applied to work in process for August would be:
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