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Question - Share issue, payment by instalments - On 1 July 2017, Pine Ltd issued a prospectus inviting applications for 600 000 ordinary shares, at an issue price of $7, payable $2.50 on application, $1.50 on allotment, and $3 on future call(s), dates to be determined by the directors. By 1 September, applications were received for 620 000 shares with $3 paid. On 6 September, the directors allotted 600 000 shares. Refunds were made to applicants for 20 000 shares. Share issue costs of $12 400 were also paid on the same date. All of the allotment money was received by 1 October. On 1 February 2018, a first and final call for $3 was made. All of the call money was received by 1 March 2018. Prepare journal entries to record the above transactions.
Calculate the predetermined OH. If you know that this company is relying mainly on workers' efforts, calculate the total manufacturing cost for job order 305.
What would be the cost per equivalent unit for conversion costs for September - Malaviya Corporation uses the FIFO method in its process-costing system. Operating data for the Casting Department
The company expects to experience an 85% unit learning curve. Estimate the cost of the 20th unit - which statement is correct?
What are the human resource ramifications when and if an MNE endeavors to pursuing a multi-domestic strategy?
During 2020, Rho produced 300,000 units of industrial prints, For the year ended December 31, 2020, Rho's return on average investment was?
Loft Lake Cabinets is approached by Ms. Jenny Zhang, a new customer, how much is Loft Lake's change in operating income if the special order is accepted?
Actual results for the period were manufacturing overhead costs of $290,000 and 75,000 machine-hours. As a result, Karvel would have
What other factors should Tristan consider before choosing a supplier? The Donnie Corporation and the Thea Corporation manufacture fairly similar remote-control
Calculate the weighted average cost of capital (WACC). Use the Gordon Growth Model to calculate the cost of equity
Compute variable overhead spending variance and a variable overhead efficiency variance. Universal Parcel provides parcel delivery services to many merchants.
ip ltd reports the subsequent intangible assetspatents at directors valuation 160 millionless accumulated amortisation
Maintenance will be required in years 3 and 6 at P10,000 and P7,000 respectively. Compute the net present value of the new machine
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