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:
Service revenue
Explanation:
Service revenue does not appear on a balance sheet. It appears on an income statement.
Answer:
Explanation:
The primary objective of HRM is to ensure the availability of competent and willing workforce for an organization. Beyond this, there are other objectives too. Specifically, HRM objectives are four fold: Societal, Organization, Functional and personal
Answer:
The correct answer is option b.
Explanation:
Here, when the Juice smoothies does not pay Issac, the selling of fruits is an example of mitigation of damages.
Mitigation of damages can be referred as a contract law under which a victim of breach of law can take actions in order to minimize damages. It means to take any reasonable opportunity possible under the given circumstances to minimize or reduce damages. Though taking extreme actions is not required.
Team
Please vote my answer branliest! Thanks.