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White raven [17]
3 years ago
8

Cricket Corp. issued, without consideration, rights allowing stockholders to subscribe for additional shares at an amount greate

r than par value, but less than both market and book values. When the rights are exercised, how are the following accounts affected?
Business
1 answer:
astra-53 [7]3 years ago
6 0

Answer:

The capital issued due to issuing of rights issues will recorded as under:

Dr Cash received

Cr Share Capital at the rate par value

Cr Share Premium at the rate (amount received per share - Par value)

Explanation:

So these are the accounts that will be affected and all the remaining accounts will not be affected.

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4 years ago
_______ refer to government agencies and industry trade groups that help identify the skills that local employers require and wo
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Answer:

Sector Partnership

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3 years ago
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Global competition exists when Group of answer choices a firm produces and markets its products domestically rather than globall
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Answer:

firms originate, produce, and market their products and services worldwide.

Explanation:

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4 0
3 years ago
Which item is most often included along with a resume as part of a job application?
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Which item is most often included along with a resume as part of a job application? The cover letter is often included along with a resume as part of a job application. The cover letter helps you introduce yourself in a more personal way when applying for a job. The cover letter focuses more on who you are as a person related to your work ability rather than just a list of small information about what you've accomplished.

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3 years ago
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Sunland company installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $12,0
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Answer:

D. $42,000 should be debited to Land Improvements

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Total Land improvements = $30,000 + $12,000

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