Can a new company issue shares at discount? If no, explain the provisions.
Question:
Can a new company issue shares at discount? If no, explain the provisions.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
In many jurisdictions including the United States issuing shares at a significant discount is generally not allowed or if allowed it is subject to str...View the full answer
Answered By
ROXAN VEGA
I have extensive hands-on experience and proficiency in assisting students in various subjects. During my tutoring sessions, I prioritize creating a supportive and engaging learning environment. I strive to understand each student's unique learning style and tailor my teaching methods accordingly. I am patient, empathetic, and skilled at breaking down complex concepts into simpler, more manageable parts. I encourage active participation and discussion, promoting critical thinking and problem-solving skills.
One of my strengths as a tutor is my ability to adapt to different learning needs and styles. I can explain difficult concepts using real-life examples, visual aids, or interactive exercises, depending on what works best for the student. I also provide clear explanations, answer questions, and offer guidance in a clear and concise manner.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Skye Heating and Cooling (SHC) was founded in 2006 in a city just north of Toronto, ON. SHC specializes in the manufacturing and installation of gas fireplaces and BBQs both indoors and out. SHC has...
-
Albert owns 100% of the shares of ProTech Services Inc and is has decided to sell the business. He initially invested STG 100,000 in the shares of the business 20 years ago. He has negotiated a...
-
Marshall Company recently approached Johnson Corporation regarding manufacturing a special order of 4,000 units of product CRB2B. Marshall would reimburse Johnson for all variable manufacturing costs...
-
Fifteen countries were randomly selected from the World Factbook 2009 list of world countries, and the estimated infant mortality per 1000 live births rate was recorded. a. Find the first and third...
-
What is creativity?
-
Selected transactions for Dianne Burke Company during its first month in business are presented below. Sept. 1 Invested $10,000 cash in the business. 5 Purchased equipment for $12,000 paying $4,000...
-
11. An incompressible liquid is kept in a container having a weightless piston with a hole. A capillary tube of inner radius 0.1 mm is dipped vertically into the liquid through the airtight piston...
-
Anandhi Ltd., purchased Plant and Machinery worth 2,30,000 from Rajan Traders. Payment was made to 20,000 by cheque and the balance amount by issue of equity shares of 10 each fully paid at 10.50...
-
Companies are now permitted to issue equity shares with disproportionate________ rights.
-
Kaseys Cake Shop made $20,000 in sales of wedding cakes in July. All of these sales were on bank credit cards. The credit card company charges a 3.5% collection fee. Prepare Kaseys journal entry to...
-
How might the idea of total quality control be applied to a distributed organisation such as a supply chain?
-
List six specific quality control responsibilities of audit engagement partners.
-
Instead of printing out the attributes of a student in the CollegeAdmission class, create a toString() method for the Student class. Edit your print statement in the CollegeAdmission class to just...
-
Use a weighted score model to choose between three locations (A, B, C) for setting up a factory. The weights for each criterion are shown in the following table. A score of 1 represents unfavorable,...
-
Explain the meaning of the phrase auditors duty of confidentiality to their clients.
-
Custom Auto Parts (CAP) started the 2016 accounting period with the balances given in the financial statements model shown below. During 2016, CAP experienced the following business events: 1....
-
In Exercises delete part of the domain so that the function that remains is one-to-one. Find the inverse function of the remaining function and give the domain of the inverse function. f(x) = 16x4 -3...
-
Profit prior to incorporation is A. Debited to Goodwill Account B. Credited to General Reserve Account C. Credited to Capital Reserve Account
-
Explain the different methods of computing profit prior to incorporation.
-
As per the provision of the Companies Act, 2013, in case of debentures, the commission paid or agreed to be paid does not exceed A. 2% of the face value B. 2.5% of the issue price C. 5% of the issue...
-
Jaeger, Inc. bonds have a 9.78% coupon rate with semi-annual coupon payments. They have 19 years to maturity and a par value of $1,000. What is the current yield of the bond if the bond is selling at...
-
The treasurer of Tropical Fruits, Inc., has projected the cash flows of Projects A , B , and C as follows: Year Project A Project B Project C 0 $ 1 7 5 , 0 0 0 $ 3 2 5 , 0 0 0 $ 1 7...
-
You work for Whittenerg Inc., which is considering a new project whose data are shown below. Under the new tax law, the equipment used in the project is eligible for 100% bonus depreciation, so it...
Study smarter with the SolutionInn App