Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Carnation Bhd incorporated on 1.1.x9 and has in issue 60,000,000 ordinary shares of RM 1 each fully paid. Carnation Bhd decided to make a public issue of 15,000,000 new ordinary shares at an issue price of RM 1.60 per share to the public. Applications for 25,000,000 new shares are received. The board of directors decided to refund applications for 5,000,000 shares and to pro-rate the balance of the applications on the basis of 3 shares for every 4 applied. All applications money were received when due and excess money returned.
Required -
a- Prepare journal entries to record the above transaction, and
b- Prepare an extract of statement of financial position.
Plug Corporation purchased 60% of Coy Company's common stock approximately 10 years ago. Explain why each debit and credit is needed.
Most new systems meet strong resistance from line managers. Why do you think quick acceptance occurred at Elkay?
After taking a physical count, we find that we have 14 units on hand. Determine the ending inventory cost by the (a) FIFO method, (b) LIFO method and (c) weighted average.
Calculate the total estimated cost for a company that produces 5,000 units of a product with the following cost behavior information: Fixed costs are $20,000
The condensed financial statements of Murawski Company for the years 2016 and 2017 are presented as follows.
Compute 2017 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2017.
Jennifer VanPelt is the assistant chief accountant at BIT Company, a manufacturer of computer chips and cellular phones
In 2013, a corporation distributed property with an adjusted basis of $100,000, What is the amount of gain recognized by the corporation on the distribution
Net income for the year amounted to $104,000. Land was sold for $120,000. Prepare a statement of cash flows using the indirect method
Describe your answer using GAAP revenue recognition rules. Explain how each would appear on the income statement and balance sheet.
Lake Shuttle Inc. is considering investing in two new vans that are expected to generate combined cash inflows of $20,000 per year. The vans' combined purchase price is $65,000. The expected life and salvage value of each are four years and $15,00..
In its first month of operation, Kuhlman Company purchased 280 units of inventory for $12, Compute the amount of phantom profit
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd