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Q. What is Recapitalization?
Recapitalization - An internal reorganization of a corporation including a rearrangement of capital structure by changing the kind of stock or number of shares outstanding or issuing stock instead of bonds. It's distinguished from most other types of reorganization since it involves only one corporation and is generally accomplished by the surrender by shareholders of their securities for other stock or securities of a different type.
Petition by creditor Any creditor including an assignee of a debt, may petition, provided: The debt due to him amounts to at least Shs 1,000; The debt is certain and i
Q. What do you mean by depreciation? What are the causes for depreciation? Explain the two methods of depreciation. Depreciation means a fall in the quality, quantity or value o
discuss the importance of state accounting to an effective fiscal administration
Time for disclaimer The trustee may disclaim in writing at any time within twelve months of his appointment, or of becoming aware of the property, or such extended period as th
depreciation in question is given more and in adjustment is less. What would be in the profit and loss account?
what affects quick asset ratio
Illustration of maximum possible loss method A, B and C have been partners for several years, sharing profits and losses in the ratio 2:2:1. They decided to dissolve the firm o
Illustrate the changing face of accounting Over past 25 years, environment within which businesses operate has become increasingly turbulent and competitive. Numerous reasons h
DEBTOR'S PROPERTY AT COMMENCEMENT OF BANKRUPTCY 1) Doctrine of "relation back" : The trustee's title to the debtor's property is deemed to relate back to the commencement o
Q. What is Stock Split? Stock Split - Increase in number of shares of a company's COMMON STOCK outstanding that result from the issuance of additional shares proportionally to
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