Reference no: EM132737764
Problem 1: VIOLET Corporation was incorporated on January 1, 2020 with the following authorized capitalization: (a) 40,000 ordinary shares, no par value, stated value ?40 per share (b) 10,000 shares of 5% cumulative preference share, par value ?10 per share. During 2020, Violet issued 24,000 ordinary shares for a total consideration of ?1,200,000 and 6,000 preference share at ?16 per share. In addition, on December 19, 2020, subscriptions for 2,000 preference shares were taken at a purchase price of ?17. These subscribed shares were paid for on January 2, 2021. How much share premium is to be reported for the year ended, December 31, 2020?
A) ? 36,000
B) ? 50,000
C) ? 276,000
D) ? 290,000
|
How do you prepare the consolidated adjusting entries
: How do you prepare the consolidated adjusting entries - Stanford uses the equity method for accounting for its investment in Stanford
|
|
How much is the legal capital
: 2,000 preference shares were taken at a purchase price of ?17. These subscribed shares were paid for on January 2, 2021. How much is the legal capital?
|
|
Determine current strategies being used to address problem
: The ASPH Public Health Case Studies Resource Center and determine the current strategies being used to address the problem,
|
|
Why are critical business processes
: Name 4 items that you think would be included in a digital dashboard for ESPN or for Disney. Why are these critical business processes for them?
|
|
How much share premium is to be reported for the year
: The subscribed shares were paid for on January 2, 2021. How much share premium is to be reported for the year ended, December 31, 2020?
|
|
Calculate the duration of the bond
: The remaining principal and accrued interest are due at the end of the year. Calculate the duration of the bond, if the required yield is 25%
|
|
What the cash distribution to partners would be
: Partnership amount to ?200,000, and all assets available are non-cash assets which were realized at ?500,000. The cash distribution to partners would be
|
|
Discuss your understanding of concept of internal validity
: Discuss your understanding of the concept of internal validity in a research study, and the impacts of several errors or biases that can reduce the study's.
|
|
Prepare the memo requested by the Audit Partner
: The content and titles of any additional paragraphs you believe should be included in the audit report. Prepare the memo requested by the Audit Partner
|