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Question - Pheonix Limited made an offer to the public via a prospectus of 1,000,000 shares with an issue price of $1.00 per share. The shares were payable as $0.50 on application and a further $0.20 on allotment and $0.30 on call. Applications closed on 1 March 2020 and 1,500,000 applications were received (an oversubscription of 500,000 shares). Allotment was made on 20 March 2020. The company allotted 1,000,000 shares and the excess application monies were retained against allotment and call amounts. The call money was due on 1 October 2020. All monies to be paid have been received on time except 100,000 shareholders who could not pay the call money. These 100,000 shares were forfeited by the management on 20 November 2020. Make the journal entries to record the above.
Show the required journal entry to record the incurrence of DL costs. Actual wage rate $11.20 per DLH. standard wage rate $12.20 per DLH
Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June
What is the maximum purchase price that Martell Products should be willing to pay for the copier if the company's required rate of return is: Ten percent? Sixteen percent?
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1.Refer to the information reported about Gazelle Corporation in Problem 16- 1B. In Problem 16- 1B, Gazelle Corporation,
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