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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. Prepare the journal entries to record the above.
Create a chart of accounts for a small business. Analyze and describe how you would change it to facilitate efficiency
Prepare an itemized projection of how much your original investments will be worth in 5 years. Explain your reasons for your investment choices
Describe the company's target market in terms of its size, competitors, and the specific needs and wants of potential customers that your product or service is likely to satisfy.
Net income of subsidiary (not including [A] asset depreciation and amortization) 220,000. Computing the non-controlling interests equity balance
computing basic earnings per share and diluted earnings per share on December
Total Liabilities of $127.854 million and Cash of $10.050 million. What was the Digby Corporation common stock
1.Plantronics, Inc., a leading worldwide manufacturer of communication and telephone headset systems, reported the following information in its 2011 financial statements ($ in thousands):
Journalize the following sales related transactions - Sold merchandise on account to Comet Co., $10,000, terms FOB Destination, 1/10, n/30
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Prepare a purchases budget in metres for the first quarter of 2019, giving total purchases in both metres and dollars for each month
The company has three major product lines: (1) toys and games, Design a group code that Novelty Gadgets could use to prepare sales analysis
Use the formula to calculate how many cups of coffee an airport café would need to sell to break even if fixed costs are $6,000
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