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.
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Answer:
The correct answer is B
Explanation:
The outstanding check is the check which has been issued by the issuing body and recorded in the ledger book as debit, but not yet reflected as a debit from the bank side, which means that payment is not cleared by bank.
So, proper account reconciliation is needed among the bank balance side of the checking account and the customer side of the checking account. Therefore, the aggregate amount need to subtracted from the bank balance, the amount of $330 will be deducted.
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A five year plan is a list of priorities you would like to accomplish over the next several years. As well as actions you can take when you make mistakes, so that you can still meet those goals.
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Answer:
She Presents Last Year's Contribution Margin Income Statement (see Below), Which Is Based On A Sales Volume Of 100,000 Units (one Product Offering) And Operating Income Of $125,000. ... Judy Billows, owner of Billows Manufacturing has called a meeting with her department heads. She
Explanation: