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Grounds for compulsory winding upA company may be wound up by the court under s.219 if:1) The company so resolves by special resolution,
2) Default is made in delivering the statutory report or holding the statutory meeting: a petition can be presented by members only at least 14 days after the last available date for the meeting s.221: the court may order the report to be delivered or the meeting held instead of making a winding-up order s.222,
3) The company has not commenced business within a year of incorporation or has suspended business for a whole year (and has no intention of carrying on or resuming business: (Middlesbrough Assembly Rooms Co.)
4) The number of members fall below seven, or two if a private company
5) Company is unable to pay its debts: this is deemed to be so if -
Seattle Health Plans currently uses zero debt financing. Its operating income (EBIT) $1 million, and it pays taxes at a 40 percent rate. It has $5 million in assests and because
what are the activities?
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How do you know what goes on an income statement? P.S. This is a basic income statement.
a) Company X is expected to maintain a constant 7% growth rate in their dividends, indefinitely. If the company has a dividend yield of 4%, what is the required return on their sha
Both IRR and ROCE tenders a relative measure of return in percentage terms a feature that is seen as attractive to managers who may perhaps have difficulty in interpreting the abso
The payoffs from lookback options depend on the maximum or minimum asset price during the life of the option. The payoff of a floating lookback put is the amount by which the maxim
Q. Bento, Inc. had 500,000 shares of common stock outstanding before a stock split occurred, and 1,500,000 shares outstanding after the stock split. The stock split was a. 2-for-5.
Which of the following procedures involves transferring amounts recorded in the general journal to ledger accounts? Answer a. preparing a tria
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
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