3 years ago

An ex-gratia claim made when a project is closed down is made when

1 answer:

4 0

Answer:D. There is no contractual basis for a claim.

Explanation: An ex-gratia claim is a claim made from the sense of a moral obligation, there is no legal compulsion or regulation guiding such a claim.

A contract is a binding agreement between two or more persons of sound mind etc when the contract is completed and closed, any claims made by any party can not be binding.

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Eisler Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the

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Answer:

In the books of Eisler Corporation :

Cash ( 2,000 x 1,000 x 101 %) A/c Dr. 2,020,000

Discount on Bonds Payable A/c Dr. $59,216

To Bonds Payable 2,000,000

To Paid-in Capital : Stock Warrants 79,216

Workings:

Bond issue proceeds proportionately allocated to bonds:

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Discount on bonds payable = $ 2,000,000 - $1,940,784

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3 years ago

A company deposits $2,378 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5

anygoal [31]

Answer:

Final Value= $61,037.04

Explanation:

Giving the following information:

Investment= $2,378 in a bank at the end of every year for 10 years.

The company makes no deposits during the subsequent 5 years.

Interest rate= 10%

First, we need to calculate the first 10 years.

FV= {A*[(1+i)^n-1]}/i

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