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Question: Maple Ltd was registered on 1 March 2017. Directors decided to issue 500?000 ordinary shares on 31 March 2017, payable in full on application at an issue price of $2. The company received applications for 560?000 shares, sent letters of regret to applicants for 10?000 shares and the remaining applicants received partial allotments by issue of 10 shares for every 11 shares applied for, making the total allotment 500?000 shares. Legal costs of issuing the shares, $12?000, were paid.
Why do we need to refunds of excess application money to successful application? The question just mentions that the allotments by issue of 10 shares for every 11 shares applied for.
ACC5213 Management Accounting with a Strategic Perspective - S1 2016. Describe which costing system is more accurate and explain why there are differences between traditional costing and ABC costing allocated amounts. Explain the need for these mor..
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you may use any of the additional resources listed in the drop-down menu above to help you complete this activity but
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