The journal entry for this issuance would include is $ 10,53,000.00.
A magazine entry consists of the acquisition of machinery with the aid of the country wherein the equipment account could be debited, and the coins account may be credited.
A magazine access is a report of the enterprise transactions inside the accounting books of a enterprise. A well documented magazine entry consists of the best date, amounts to be debited and credited, description of the transaction and a completely unique reference wide variety. A magazine access is the first step within the accounting cycle.
Debit Credit
Number of shares = $ 39,000
cost of per shares = $3
total cash of shares = $ 117000 117000
Common stock ( 39000 * 3 ) 117000.00
Paid in capital ( 39000 shares * 27) 10,53,000.00
(To record the issuance of shares at a premium of $ 27)
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Answer: A. Product placement
For example, when a character drinks a brand of soda, then this is a product placement. Ideally it should be subtle but sometimes it's very obvious.
If income is accrued <u>or arises outside India and is not received in India</u>, it is not taxable in the case of Non-Resident.
<h3>Who is a resident and non resident?</h3>
A resident is a person who has resided in India in that year for 182 days or more. He is a natural person or an individual who is domiciled in a particular state.
A Non- Resident is a person who is not the resident of India for tax purposes. Section 2(30) defines non-resident as a person who is not a resident.
Basically, Income which accrue or arise outside india and also received outside india is taxable in case of Non-Resident.
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The answer to this question is C, $5,790. Jeff will need $5,790.
