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1. The court will not allow the theory of corporate personality to be used as a means of fraud or sharp practice - the judge has the power to 'draw aside the corporate veil'.
Explain what happens when the court does draw aside the veil and describe a situation in which the court has exercised its power.
2. A and B are partners in an ordinary partnership. The firm is insolvent. Joe, a creditor, has successfully sued A for a debt of £2,000. What rights, if any, has A against B?
3. A, B, C and D wish to form a partnership in which all of them will be limited partners. Advise them.
4. What is the maximum number of employees allowed to a company which wishes to qualify as a 'small' company?
jackson companys static budget for variable overhead and fixed overhead revealed the following information for 25000
if the company transferred 234000 of completed goods from work in process to finished goods inventory during april what
after several years of operations the business has become unprofitable and incurred small nols. its operating assets
Seventy percent of Diamond Beauty Supply shop sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. Prepare a monthly schedule of cash rece..
Compute the overhead rate per service request for the Maintenance Department if estimated overhead costs are $18,290 and the number of estimated service request is 3,100.
hanson and icinbsp in may 1991 hanson the united kingdoms most notoriously acquisitive corporation purchased a 2.8
selected year-end financial statements of mccord corporation follow. all sales were on credit selected balance sheet
revaluing a bond review the data in the problem 11-53. suppose you purchase that bond. it is 1 year later and the
Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2013.
What would be the effect on free cash flows of each of the following items (be sure to include specifically whether "increase" or "decrease/reduce," and by what dollar amount):
a company began its fiscal year with inventory of 191000. purchases and cost of goods sold for the year were 950000 and
munch n crunch snack company is considering two possible investments a delivery truck or a bagging machine. the
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