To account for the shares issue in such cases, it will be necessary to create a temporary liability account (e.g. Subscription Account) in addition to the 2 accounts discussed above in order to account for the cash advanced in respect of the subscription of shares until the date of issuance...
A company may issue shares at their face value or at a price other than the face value. When shares are issued at a price equal to their face value it is termed as shares issued at par. When issue price of a share is more than its face value, it is known as shares issued at a ...
The Secretary has said that there are many complex factorsaccounting for theeffect of populationgrowthonusable resources in the society. legco.gov.hk legco.gov.hk 局長提到 人口增長對社會資源所造成的影響是 很複雜, 所以不會制訂政策控 制人口 。
I. Introduction It is not the intention of this piece of writing to deal with the problem of whether the legal capital still constitutes the main and unavoidable safeguard for creditors. It only intends to examine the consequences that the IAS/IFRS accounting discipline produces on the composition...
A company may issue bonus shares out of free reserves accumulated out of genuine profits or share premium collected. Reserves created by revaluation of fixed assets are not available for issue of bonus shares. The bonus may be applied to convert partly paid shares into fully paid shares or may...
Super spirit inc issues 260,000 shares of no-par common stock for 3 per share. The journal entry is which of the following? Cash 780,000 common stock 780,000 par value is an arbitrary amount that establishes the legal capital for each share The paid-in capital portion of stockholders' eq...
Reasons for Bonus Issue Can be used to keep the market price of the shares affordable. Can provide evidence of management’s confidence that the company is doing well. Share Splits A distribution of additional shares to shareholders according to their percent ownership. ...
The company wishes to make a one for two bonus issue. What will the capital structure be immediately after the bonus issue? 6. Jeff s receivables control account at the year end is shown below Jeff has not recorded irrecoverable debts of $4,500 of which $2,000 had a specific allowance ...
Documents from being accounted for as a "pooling of interests." Such Shareholder has not (i) sold, transferred or assigned any securities of the Company or (ii) at any time in any way reduced his risk or committed to reduce his risk with respect to the capital stock owned by such ...
resulting in material being purchased for orders that the company do not have the capacity to fill within the planning period. It also has limited lot-sizing capacity, resulting in a lot of re-planning on the factory floor. It also ignores safety stock issues and has poor data consistency. ...