The public was invited to subscribe

Assignment Help Accounting Basics

Reference no: EM13492803

Question 7

The public was invited to subscribe 320 000 of ordinary shares of Stone Ltd on 10th January 2014. The shares were valued at $15 per share.
The following amounts were payable:
On application: $8.00 per share
On allotment: $4.00 per share
By 10th February 2014, applications were closed.

There was an oversubscription of the shares on offer. The shares were allotted on a first come, first serve basis.

Application money for 20 000 shares were returned to unsuccessful applicants.
On 5th March 2014 : Allotment amount owed by the shareholders were paid.
On 10th June 2014 : The company made a call for the remainder of the share amount.
On 15th June 2013 : The call amount owing was paid by shareholders.
However, 10,000 shares remained unpaid in call amounts.

Reference no: EM13492803

Questions Cloud

State the reaction for the conjugate base interacting : What is the conjugate base of each of the above? d. Write the reaction for the conjugate base interacting with water. e. Write the Kb expressions for the reaction that involves the conjugate and calculate the actual value.

Describe sodium sulfate is slowly added to a solution : Sodium sulfate is slowly added to a solution containing 0.0500 M Ca2 (aq) and 0.0370 M Ag (aq). What will be the concentration of Ca2 (aq) when Ag2SO4(s) begins to precipitate

What is the contractual mttf : Evaluate the probability that such a failure will take place in the event of an accident and What is the contractual MTTF

State the acid-base reaction and state qualitatively : This is maintained by a number of buffers, such as the carbonic acid/bicarbonate system. Write out the acid-base reaction and state qualitatively how this buffer solution resists changes in pH. Given the Ka of carbonic acid, H2CO3 is 4.5 x 10-7.

The public was invited to subscribe : The public was invited to subscribe 320 000 of ordinary shares of Stone Ltd on 10th January 2014. The shares were valued at $15 per share.

What is amount of cash flows provided by operating activity : What is the amount of cash flows provided by operating activities to be presented on the statement of cash flows?

What is the score of cellular : What is the score of Telephone, what is the score of Cellular and what is the score of Cable

How many turns does the secondary have : neon sign requires 12,000 V to operate which is supplied by a transformer. If the primary on the transformer has 10 turns and is connected to a 120-V outlet, how many turns does the secondary have

Explain what is the temperature inside the tank : A 16.0 L gas cylinder has been filled with 5.20 moles of gas. You measure the pressure to be 4.40 atm. What is the temperature inside the tank

User Account

All Pages