$45.00 should each share be worth after the rights issue if they previously sold for $50 each.
<h3>What is
share?</h3>
A share is a financial market unit used in mutual funds, limited partnerships, and real estate investment trusts. The term "share capital" refers to all of an enterprise's shares. A shareholder of the corporation is someone who owns stock in the company.
A share is a type of ownership unit that represents an equal amount of a company's capital. A share entitles the shareholder to an equal claim on the company's profits and losses. There are two types of shares: equity shares and preference shares.
A company's shares signify its ownership. When a person purchases stock in your company, they become a shareholder. Shareholders elect who runs a firm and participate in critical decisions.
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Answer:
Accounts Receivable 960 Sales Revenue 960
Explanation:
Under periodic inventory system <u>inventory account is not updated for each purchase and each sale.</u>
<u>At the end of the period,</u> the total in purchases account is added to the beginning balance of the inventory to compute cost of goods available for sale.
Hence, the only entries will be between Sales revenue and accounts receivable.
Dr. Accounts receivable...960
Cr. Sales Revenue.......................960
Answer:
Consumer Goods
Explanation:
Consumer goods are products bought buy consumption by the average consumer.
