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The assets and liabilities of S Harrison as at 30 June 2012 are:
On 1 July 2011 when the business commenced, Harrison owed $58,000 on the land and buildings and $1,200 on the plant, which cost $5,200. At this time Harrison had no other assets or liabilities except $300 in the bank and $2,700 of stock. During the year drawings for personal use totalled $800 cash and goods of $90. Prepare a statement to determine profit for the year.
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It is the exercise price at which the investor or the bondholder exchanges the bond for shares.
Analysis of Company Position Associated International Supplies Ltd Circulation: Associated International Supplies Ltd (AIS Ltd.) Author: A. Consultant, AXY Consultin
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