Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
PROFMAN PLC has authorized share capital ofN200,000,000 divided intoN200,000,000 ordinary shares ofN1.00K each. N120,000,000ordinary shares were offered for public subscription on 20thJanuary 2005 payable by instalments as follows:
N0.55K onapplication per share N0.45K onallotment per share
All the shares offered were subscribed and allotted. Application money was received on 27th January 2005, and allotmentmoney was received on 31st January 2005.
Required:Show journal entries to record the issue and allotment of shares in the company's books bearing in mind that the directorspassed Allotment Resolution on 27th January 2005.
Journalize the entry to record the payroll for the week of December 10. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".
During your examination of the evidence, you uncover a material weakness in interal control.
Peter Catalano's Verde Vineyards in Oakville, California produces three varieties of wine: Merlot, Viognier, and Pinot Noir. His winemaster, Kyle Ward, has identified the following activities as cost pools for accumulating overhead and assigning i..
After applying the net operating losses for 2006, 2009 and 2010 to prior years ( if and where permitted), what amount, if any, is available as a net operating loss to be carried forward to future years?
If joe and Jill choose to accelerate 50,000 of additional income into the current year, how much will their (a) regular tax and (b) tentative minimum tax increase? Joe and Jill's marginal tax rate is 35%.
Compute the budgeted factory overhead rate
Motorcycle Manufacturers, Inc. projected sales of 76,000 machines for 2012. The estimated January 1, 2012, inventory is 6,500 units, and the desired December 31, 2012, inventory is 7,000 units.
what is the potential impact of the increased fines on the content of the accounting reports of firm in the pharmaceutical industry, particularly in relation to accounting information? (case study: drugs code set to get tougher by Emma Connors)
Evaluate the proposed change in credit standards and make a recommendation to the firm.
You're an IT auditor working for $15 million sales per year speciality chocolate candy manufacturer. The company is planning to engage in e-commerce over Internet. What would be your five biggest concerns regarding risk and why?
A corporation has 1,000 shares of 10 percent, $50 par-value preferred stock and 10,000 shares of $5 par-value common stock outstanding. If the board of the directors decides to distribute dividends totaling $40,000, the common stockholders will re..
Tolan co. purchased 30,6% irick company bonds for 60,000 cash plus brokerage fees of $600. Interest is payable seminannualy on july 1 and january 1. if 15 of the securities are sold on july 1 from $31,000 less $300 brokerage fees, the entry would ..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd