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Question no 1)
X LTD issued 20000 share of Rs-10 each payable as Rs-3 per share as application Rs-3 per shareas allotment & rs-4 per sharev as call .Application ware received on 22000 shares. The DirectorDecided to rejected the Excess application money on 2000 share as refunded .Show the necessary Journal entries.
Question no 2)
A company offer to The Public 12000 equity share Rs-10 each to be issued at Per. The issued was fullyunder written by X at a commission of Rs-5.The company received application for 10000 share whichincluded marked application 8000 share. You are required to Calculate 1) the Liability of the Underwriter2) its commission also journalised the entries
The airline treated Al and his family to a one-week all-expenses-paid vacation at a resort near his home. This benefit was awarded because of Al’s outstanding safety record. The value of the vacation was $2,300. Which of these benefits are taxabl..
How does social media affect business communication? how can a consultant use social media outlets to reach segments of the population previously unreached? What ethical consideration must be made involving the use of social media outlets?.Question (..
Ending inventory, Dec 31, 2010 was understated by $13,500; Depreciation expense for 2010 was overstated by $1300. What is effect of the errors on 2010 net income before t axes?
orders stationery and other office supplies in the amount of $300. Before the partnership pays for the supplies but after the partnership has taken title and possession of the supplies, is there any effect on the tax basis of each partner's partne..
Prepare a Balanced Scorecard for the unit of an organization of your choosing (Red Lobster).The organization may be Red Lobster (the restaurant).
The Sanding Department of Ortiz Furniture Company has the following production and manufacturing cost data for March 2017, the first month of operation. Prepare a production cost report.
Analyze mixed (semi-variable) costs into variable and fixed components, using both the “high-low” method, and the Excel scatter-graph approach, and explain the purpose for such an analysis. When there is a change in the level of activity, which of th..
Kimm Company has gathered the information shown below about its product. Direct materials. Each unit of product contains 4.30 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.50 pounds.
Determine the total cost allocation and departmental overhead rate for the producing departments using the direct method. Show your work.
Discuss the differences between vertical and horizontal analysis. Which would you prefer? Why or why not?
linus inc. has budgeted overhead for august of 260000 for variable costs and 435000 for fixed costs. actual costs for
Dell has been selling computers for over 25 years with its unique, direct build-to-order, sales model. Read about Dell on pages 89–92 in our textbook and also watch the Dell Supply Chain video and answer the following questions: Why has Dell's direct..
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