Answer:
Debit Cash account $50,000
Credit Ordinary share $5,000
Credit Share Premium $45,000
Explanation:
When share issued are paid for at an amount above the par or ordinary value, the excess paid is known as share premium.
The share premium like the par or ordinary value is recognized in the balance sheet as a part of the owners equity.
For a stock unit at par value of $1 for which the issue price was $10,
the share premium per unit
= $10 - $1
= $9
Ordinary share value = $1 × 5000 = $5,000
Share premium amount = $9 × 5,000 = $45,000
Answer:
B) Is not a contract because there is no consideration for B's promise.
Explanation:
In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.
Common law rules on contract modifications require some new consideration in order to modify an existing contract. In this case, only B added some new consideration (more money) to the written contract, A didn't add anything new.
Answer:
Difference between intra departmental communication and interpersonal departmental communication
Explanation:
Intra means within , Inter means between
Intra departmental communication means communication (exchange of information) between people, within the same department in an organisation.
Interpersonal departmental communication means communication (exchange of information) between people, from different departments in an organisation.
<span>The world’s richest countries are mostly found in Europe.
Therefore Sandra will be presenting most of the countries located in <u>“Europe”</u>.</span>
<span>One possible factor why Europe is so rich is because of
the numerous wars it encountered. Aside
from the wealth obtained in the conquest, wars also lead to advancement in
technology. </span>
If an investor wants to save money over a long period without easy access to the money and knowing the interest rate will not change, they need <u>A. Bonds</u>.
<h3>What are bonds?</h3>
Bonds are securities that guarantee the return of capital and periodic interests on a long-term basis.
Types of Bonds include:
- U.S. Treasury Bonds
- Corporate Bonds
- Municipal Bonds.
Thus, if an investor wants to save money over a long period without easy access to the money and knowing the interest rate will not change, they need <u>A. Bonds</u>.
Learn more about long-term investments at brainly.com/question/17050326
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