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!
Question 1.
Andy has run a small corner store as a sole trader for many years.However, his adult children pester him to set up a company so that they can share in the prosperity of the business as shareholders. Andy complies and sells the business newly created company with 2 classes of shares: A class shares that have voting rights and B class shares that have no voting rights buy may receive dividends.Andy holds the sole A class share, whilst his children and spouse hold the B class shares between themselves.The company's purchase of the business from Andy was financed by a loan provided by Andy secured by a charge over all the company's assets. Unfortunately, the economic slowdown puts pressure on the business and the new company is unable to service the loan to And.Andy takes possession the company's assets as secured creditor leaving the business creditors with nothing.
Analyse the corporate law issues arising from the situation.
Question 2
Leo and Melanie decided to incorporate a company, to be called halcyon Daze Pty Ltd, to carry on their new business as Internet service providers. Immediately the decision was made, Leo signed a lease of premises for the new business in his own name.The company was register and the business was conducted from the new premises.
Discuss the actions of Leo in relation to the new company. Does the new company have to pay the lease and if so what would be the procedure?
What is the amount of avoidable costs if Jones buys rather than makes the components . The value of benefits foregone by selecting one decision alternative over another.
Management accountants usually plan for a small positive cash balance in their cash budgets for all of the following reasons except and Labor efficiency has sometimes been incorrectly referred to in class
Inventory and warehousing cycle and cash cycle
She takes additional first year depreciation. Evaluate the cost recovery deduction with respect to the asset for 2013.
Find a statement of cash flows using the indirect method for the Windsor Corp for the year 2008 - Show the Analysis of the Retained Earnings
Under FAS 123R, how would this transaction be reported in SAS's 12/31/09 year-end financial statements-would these terminated options result in some sort of an adjustment? If there is an adjustment, please make the appropriate entry or entries?
Prepare the 2009 financial statements for The Walt Disney Company on the Internet.
Evaluate Dow's basic and diluted earnings per share
Effect of exchange rate changes on cash and cash
List and explain three ways a firm can determine long-run prices - explain when each method would be most suitable and the strengths and weaknesses of each method.
Explain the differences between unit-related, batch-related, and product-sustaining activities. Give one case of each type of activity and explain the difference between transaction drivers and duration drivers. When could one type be preferred ove..
In this activity you will prepare one of the most use financial statements in business, the Income Statement. Arrange an answer to problem.
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