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Q. Availability of fresh issue of equity?
A fresh issue of equity finance mayn't be readily available to a listed company or may be available on terms that are unacceptable with regards to issue price or issue quantity if the stock market is depressed (a bear market). Current shareholders may be reluctant to subscribe to a rights issue for instance if they have made other investment plans or if they have urgent calls on their existing finances. A fresh issue of debt finance may not be available to a listed company or available at a cost considered to be unacceptable if it has a poor credit rating or if it faces trading difficulties.
TERMINATION OF OFFICE OF TRUSTEE The trustee may vacate office in the following ways: 1. Resignation : He may resign at a meeting of creditors and with their consent. 2.
La Favorite Pastry Shop has been in business since 1985 and started with a large commercial oven that was built in 1955. Max, the owner is debating whether or not to purchase a new
In February, one of Team Shirts' best customers went bankrupt owing team shirts $85. Team shirts uses the sales method for estimating bad debts. February sales were $15,000. The ac
Natural Furniture Company manufactures three outdoor products, benches, chairs, and tables. Every product must pass by the following departments before it is shipped: sanding, sawi
Explain the term Reporting interval - Management accounting For most businesses, financial accounting reports are produced on an annual basis, though some large businesses prod
Personal Property - Movable property which isn't affixed to land (REAL PROPERTY). Personal property comprises tangible items likecars, cash and computers and intangible items, like
I need help with a practice test so I can study well for my midterm soon this week.
Realisation of assets 1. Divisible property : The ownership of the company's property does not vest in the liquidator (unless the court makes a vesting order: s.240); but
what is closing entry
Management and operational control: Cost of goods sold and gross margin analysis, profit as net income analysis, operating expense analysis, contribution analysis and analysis of
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