User Account

All Pages

What are debentures

Assignment Help Financial Accounting
Reference no: EM13513175

(a) What are Debentures?

(b) Explain the following terms in relation to Limited Liability Company Accounts:

i. Calls in arrears

ii. Shares issued at a discount (4 Marks)

(c) In accordance with the Companies and Allied Matters Act LFN 2004, the share premium may be used in certain circumstances. State TWO of such circumstances.

(d) Bond Plc has an authorized share capital of 240,000,000 shares of N1.00 each and has issued 2,000,000 ordinary shares each payable as follows:

25k per share payable on application

20k per share on allotment

30k per share on first call

25k per share on final call.

Application and all other call monies were received in full on 31 March 2009, 10 May

2009, 30 June 2009 and 2 July 2009.

Prepare the necessary journal entries to record the foregoing transactions.

Reference no: EM13513175

Questions Cloud

What is the maturity date of the note : Gambit Stores accepts from Leonard Co. a $3,400, 90-day, 6% note dated May 10 in settlement of Leonard's overdue account. (a) What is the maturity date of the note?
Calculate the net force acting on the chain : A uniform chain with a mass of 1.47 kg per meter of length is coiled on a table. One end is pulled upward at a constant rate of 0.381 m/s. Calculate the net force acting on the chain
Fraternal polyandrous marriage : As described in "When Brothers Share a Wife," how are children treated in a fraternal polyandrous marriage? Who do the children regard as their "fathers?" Why do the Nyinba practice this type of marriage?
Key phases of the dominance battle : key phases of the dominance battle
What are debentures : Prepare the necessary journal entries to record the foregoing transactions - What are Debentures
Evaluate the ph of a solution that is sodium formate : Calculate the pH of a solution that is 0.295 M in sodium formate (NaHCO2) and 0.205 M in formic acid (HCO2H). the Ka of formic acid is 1.77x10^-4.
Compute phil mickelson company accounts receivable turnover : Compute Phil Mickelson Company's (a) accounts receivable turnover and (b) average collection period in days.
What horizontal force should a fireman exert : A fire hose 4.19 cm in diameter is capable of spraying water at a velocity of 16.3 m/s. what horizontal force should a fireman exert on the hose to keep it stationary
Eating christmas in the kalahari : As discussed in "Eating Christmas in the Kalahari," why did Lee decide to give the !Kung Bushmen "the largest, meatiest ox that money could buy?" Did his evaluation of his own motivations change? How so?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the cash balance at the end of each quarter

The company wants to have a minimum of $50,000 cash balance at the end of each quarter and assume cash is borrowed at the beginning of a quarter and repaid at the end of a quarter

  Series of markups and markdowns

The wholesale cost of a video game is $459,45. The original markup was 51% based on selling price. Find the final sale price after the following series of price changes:

  Calculation of material variances

Calculation of Material Variances and evaluate the total materials variance and the price and quantity variances.

  Calculation of firms dollar growth in dollars and analyse

calculation of firms dollar growth in dollars and analyse how the growth financed.1.middleton clinic had total assets

  Question ankiel securities divisionankiel securities

question ankiel securities divisionankiel securities division works throughout manufacturers agents in different cities

  Inventories reflected in the income statement

The cash generated from reducing inventories will be used to buy tax-exempt securities which have a? percent rate of return. What will your profit margin be after the change in inventories reflected in the income statement?

  What would you pay for an investment that pays you

what would you pay for an investment that pays you $20000 at the end of each year for the next ten years and then returns a maturity value of 300,000 after ten years? assume that the relevant interest rate for this type of investment is 8%

  Journalizing the stock transactions of a companyon january

journalizing the stock transactions of a company.on january 1 2008 edmond company issued 30000 shares of 2 par value

  What amount should kale report as cash and cash equivalents

Kale classifies investments with original maturities of three months or less as cash equivalents. In its December 31, 2011, balance sheet, what amount should Kale report as cash and cash equivalents?

  Question bellgrade inc acquired a 60 interest in hansen

question bellgrade inc. acquired a 60 interest in hansen company various years ago. during 2012 hansen sold inventory

  1 one month before the end of the financial year christine

1. one month before the end of the financial year christine paid pound12000 for the annual rent for her office. however

  How much would hollern report for cost of goods manufacture

Hollern Combines, Inc. has $10,000 of ending finished goods inventory as of December 31, 2010. If beginning finished goods inventory was $5,000 and cost of goods sold was $20,000, how much would Hollern report for cost of goods manufactured?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd