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max2010maxim [7]
3 years ago
14

What is the maximum limit for discount on issue of debentures?

Business
1 answer:
Dmitry [639]3 years ago
6 0

Answer:

A company may issue shares at a discount i.e at a value below its par value. The following conditions must be satisfied in connection with the issue of shares at a discount :

The shares must be of a class already issued

Issue of the shares at discount must be authorised by resolution passed in the general meeting of company and sanctioned by the company law board.

The resolution must also specify the maximum rate of discount at which the shares are to be issued

Not less than one year has elapsed from the date on which the company was entitled to commence the business.

The shares to be issued at discount must issued within 2 months after the date on which issue is sanctioned by the company law board or within extended as may be allowed by the Company Law Board.

The discount must not exceed 10 percent unless the Company Law Board is of the opinion that the higher percentage of discount may be allowed in special circumstances of case.

Hope this helps

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Answer:

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Joe should produce using the new equipment.

Explanation:

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Total costs = $85,000

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b) Costs incurred using the new equipment:

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Production using the new equipment would reduce the operating loss by $2,500.

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Viktor [21]

Answer: (A) Event marketing    

Explanation:

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 According to the given question, the Event marketing is one of the type of strategy that best illustrating the given scenario about a non profit organization is conduct a food fair and the collected fair is basically contributed for the charity purpose.

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Treasury stock is:
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Answer:

a. Common stock acquired by the company in the open market & recorded as negative equity

Explanation:

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