Because the banks were down
Taxation decreases the income earned by a firm by 28% it means this affects the business negatively and when taxation is paid it positively improve the economic growth
<span>i would say a Device Driver Scan and Update</span>
Answer:
A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.
Explanation:
A government company is a company registered under the Indian Companies Act in which not less than 51% of paid up share capital is held by the central government or any state government or partly by central government partly by one or more state governments.
<u>Solution and Explanation:</u>
a)
Date Account Head & Description Debit Amount Credit Amount
Land Debit (62 multiply 25000) 1550000
Treasury Stock Credit (53 multiply25000) 1325000
Paid - in Capital from treasury stock Credit
(1550000 minus1325000) 225000
(To record purchase of land)
b) One might use the cost of treasury stock. However, this is not a relevant measure of this economic event. Rather, it is a measure of a prior, unrelated event. The appraised value of the land is a reasonable alternative (if based on appropriate fair value estimation techniques). However, it is an appraisal as opposed to a market-determined price. The trading price of the stock is probably the best measure of fair value in this transaction.
