Reference no: EM132854320
Questions -
Q1. On January 1, 20x1, COMMISERATE CONDOLE Co. received authorization from the SEC to issue share capital of 2,000,0000 divided into 20,000 shares with par value per share of 100. Of the total authorized share capital, 25% was subscribed at par value and 25% of the total subscription was paid at subscription date. On February 1, 20x1, COMMISERATE received full payment for 4,000 subscribed shares and issued the related share certificates. On February 28, 20x1, COMMISERATE received cash subscription for 2,000 shares at par value.
Requirements -
a. Provide the necessary journal entries under memorandum method.
b. Prepare the share capital portion of COMMISERATE's statement of financial position as of February 28, 20x1.
2. On April 1, 20x1, the board of directors of PEAL LOUD RINGING OF BELLS Co. declared 50 dividends per share to shareholders of record as of April 15, 20x1 for distribution on May 1, 20x1. The shareholders' equity of PEAL as of April 1, 20x1 is as follows:
Share capital, authorized capital 20,000 shares, 100 par 1,600,000
Subscribed share capital 440,000
Share premium 200,000
Retained earnings 908,000
Treasury shares (at cost of 120 per share) (288,000)
Other components of equity 140,000
Total shareholders' equity 3,000,000
Requirement - Provide all the pertinent entries.
|
Analyze the effect absenteeism has on an organization
: Analyze the effect absenteeism has on an organization. Analyze an article on absenteeism that focuses on metrics and measurements.
|
|
Determine the war of the worlds
: What conclusion can be drawn author's point of view in "War of the Worlds?" RI6 Support your answer with evidence from the text.
|
|
How managers can use pay as a major motivation tool
: Describe from the perspectives of expectancy theory and equity theory what managers should do to have a highly motivated workforce.
|
|
What is cost of goods sold using full costing
: In addition, the company has fixed selling and administrative costs of $144,800 per year. What is cost of goods sold using full costing
|
|
Provide necessary journal entries under memorandum method
: On February 28, 20x1, COMMISERATE received cash subscription for 2,000 shares at par value. Provide necessary journal entries under memorandum method
|
|
Discuss the term whistleblowing
: Discuss the term 'whistleblowing'. Name the whistleblowers in the Enron's financial scandal, and explain if it
|
|
How do get employees engaged in a change management
: How do you get employees engaged in a change management initiative? What role does HR, managers, and the C-Suite play?
|
|
What is the mle of a
: Over a series of 10 days, the total number of people who visit the park is 1200. What is the MLE of a?
|
|
Compute the mean-the median and the mode
: Assume that this is the entire population, compute the mean, the median, and the mode. Which of these measures would best represents the salary of workers?
|