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On 28.2.2016 the first call of Rs 2 per share became due on 50,000 equity shares alloted by Kumar Ltd. Komal a holder of 1000 shares did not pay the first call money. Kovil a holder of 750 shares paid the second and final call of Rs 4 per share alongwith the first call. Pass the necessary journal entry for the amount received by opening calls - in - arrears and calls - in - advance account in the books of the company.
Prepare the end-of-month report to account for the incomes and expenses of KenKam Sign Enterprise under cash basis accounting - Prepare the end-of-month report to account for the incomes and expenses of KenKam Sign Enterprise under accrual basis a..
These data give the monthly returns on stocks in three technology companies: Dell, IBM, and Microsoft. For each month from January 1990 through the end of 2005 (192 months), the data give the return earned by owning a share of stock in each compan..
Why does the SEC require that balance sheets provide two years of comparative financial data
the rio company manufactures beach umbrellas and uses a standard cost system. an analysis of costs shows the direct
If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a yield to maturity (YTM) of 4.201%, what should be its price in the bond market (ie, PV)?
a company has 7000 obsolete toys carried in inventory at a manufacturing cost of 6 per unit. if the toys are reworked
how is a transfer price determined? describe the cost-based method. do you think it is better than the market-based
When a company sells a product for cash, it generally recognizees the revenue. However, there are situations when it is not always clear when a company should recognize the revenue.
Prepare a direct materials purchases budget by month for the first quarter - Management wants to have a raw materials inventory at the end of the month equal to 30% of next month's production requirements.
during periods of increasing costs the use of the fifo method of costing inventory will yield an inventory amount for
The machine has an expected life of 5 years and a zero residual value. Select the best response from those below regarding depreciation for this asset.
Leadership confronts you as a controller and questions the need for an internal control system.
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