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Investment with cum.div. Quotation
Investment with cum.div. Quotation will be debited to the investment account at its full value. When the dividend is subsequently received it is apportioned:
The amount apportioned to capital should be transferred out of the Investment Account (thus maintaining the investment at its probate value) and credited to Estate Capital Account.
Example Date of death: 30th June, 20X5
Stock: 6% Treasury Stock
Interest paid: 1st March
30th September
Holding: Shs 2m quoted at 94-96
Nominal Income Capital Nominal Income Capital
20X5 Sh'000 Sh'000 Sh'000 20X5 Sh'000 Sh'000 Sh'000
June Estate Sept Estate
30 Capital 30 Cash
Account Book
(stock (interest
at pre-death) 30
death) 2,000 1,890
Sept post-death 30
30 Estate
Capital
Account 30
Options with discontinuous payoffs are called Binary options. An example is the cash-or-nothing callwhich pays nothing if the stock price at the maturity of the option is below the
Public Oversight Board (POB) - POB is an independent oversight board, composed of public members that monitors and evaluates peer reviews conducted by SEC Practice Section (SECPS)
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Mr. Inherits 30000. Decides to open a salon jj salon. On 1/4/2016 commits 10000 to the business Opens an a/c in the bank What will be the money under capital in his books on 1/4/10
Peer Review - Process by which an accounting firm's practice is evaluated for compliance with professional standards. Objective is achieved through the performance of an independen
what is costs of raw material used.......
tutorials on sample qustion
CONSOLIDATED INCOME STATEMENT AND CONSOLIDATED STATEMENT OF CHANGES IN EQUITY The consolidated income statement follows similar principles as those of the consolidated balanc
Accounting treatment of deferred tax The objective of accounting for deferred tax is to ensure that the profits for the period d onto fluctuate due to temporary differences. To a
Find the heading Goodwill. What type of an asset is goodwill? Does Amazon write off this asset? Explain what the company does
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