Profit earned before incorporation is a/an A. Extra ordinary profit B. Revenue profit C. Capital profit

Question:

Profit earned before incorporation is a/an
A. Extra ordinary profit
B. Revenue profit
C. Capital profit

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

See More Books

Question Posted: Aug 17, 2023 02:29 PM

See More Questions

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
Use the trapezium rule, with interval-halving and extrapolation, to evaluate 0 log(cosh x) dx to 4dp
Explain how convertible bonds and warrants are similar and different.
In your opinion, which of Brent's alternative courses of action would provide the best outcome and why? What should Brent do? How would you handle the ethical issues involved in this situation?
The enthalpy drop in the nozzle of an impulse turbine is $50 \mathrm{~kJ} / \mathrm{kg}$. The nozzle is inclined at 160 to the wheel tangent. The average diameter of the wheel is \(0.25...
A bank is offering to sell 6-month certificates of deposit for $9500. At the end of 6 months, the b~ will pay $10,000 to the certificate owner. Based on a 6-month interest period, compute the nominal...
What is MATLAB? Pros and cons.
Pawan Ltd was incorporated on 1st March, 2017 and received its certificate of commencement of business on 1st April, 2017. The company bought the business of Pramod Ltd with effect from 1st November,...
State the accounting treatment of pre-incorporation profit / loss.
What area of the skin do you think would be the hardest for the surgeon to reattach? Why?
A refrigerator sold for $500. The store financed it by charging 0.5 percent monthly interest on the unpaid balance. If the refrigerator is paid for with 30 equal end-of-month payments, a. what will...
Leann just sold a $10,000 par value bond for $9,800. The bond interest rate was 6 percent per year payable quarterly. Leann owned the bond for 3 years. The first interest payment she received was 3...
With interest at 6 percent compounded annually, what is the fewest number of years (integer-valued) required for money to triple in magnitude?
You wish to purchase a $$1$,000 bond from a friend who needs the money. There are 7 years remaining until the bond matures, and interest payments are quarterly. You decide to offer $$750.08$ for...
At what interest rate will money a. double itself in 10 years? b. triple itself in 10 years? c. quadruple itself in 10 years?
Why is it important for small business owners to define their target markets as part of their marketing strategies?
As you rewrite these sentences, replace the cliches and buzzwords with plain language (if you don't recognize any of these terms, you can find definitions online): a. Being a jack-of-all-trades, Dave...
Explain Annuity Factor.
State the following factor, which will not affect the value of shares. (a). Demand and supply of shares (b). Nature of companys business (c). Profit-earning capacity of the company (d). Labour force
What are the methods of calculating goodwill based on super profit?
Functional Dependency Theory Consider the following two relational schemas and sets of functional dependencies: a. (10 points) R(A,B,C,D,E) with functional dependencies D B, CE A. b. (10 points)...
Briefly summarize the main neoliberal arguements in favor of free trade and laissez-faire industrial policy and Chang's response to that arguement.
Outline the conclusions and criticisms of the Harrod-Domar growth model. According to the Harrod-Domar model, an economy increases the proportion of new income that it saves from 10% to 20% and it...

Profit earned before incorporation is a/an A. Extra ordinary profit B. Revenue profit C. Capital profit

Question:

Step by Step Answer:

C C...View the full answer

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

Students also viewed these Business questions