Swetha Ltd. issued 40,000 equity shares of 100 each. Of the issue, 80% was underwritten by Prem.

Question:

Swetha Ltd. issued 40,000 equity shares of ₹100 each. Of the issue, 80% was underwritten by Prem. Applications for 28,000 shares were received in all by the company. Determine the liability of Prem.

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

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

See More Books

Question Posted: Aug 31, 2023 04:48 AM

See More Questions

Solve the following problem of LPP by graphical method: Maximize the profit function z = 100x + 40x2 Subject to the constrains 5x + 2x 1000, 3x + 2x 900, x + 2x 500, x, x2 0.
(a) Discuss the complexity of Quick Sort and Merge Sort for best, average and worst case. (b) Write the steps of Quick sort to sort following set of elements. Write all the steps where the pivot...
Manu Ltd., issued 2,00,000 equity shares of which only 60% was underwritten by Gomathi. Applications for 1,80,000 shares were received in all out of which application for 1,04,000 were marked....
I am learning intermediate accounting and how to account for leases. I have a question about the calculation of present value for the right to use of the lease. my example specifically has a...
Pablo wins a new automobile on a television game show. The car has a listed sticker price of $31,500. A dealer advertises the same car for $30,000. How much income does Pablo have from the receipt of...
For the situation and variables in Exercise 17.17, fit a multiplicative model and use it to estimate the total operating revenue for an airline with 2000 employees and 10,000 departures. The...
Edward Entrepreneur has an idea for a new business venture. He has designed an electronic gizmo, the Wonder Cleaner, to assist with routine household chores. Edward wants to set up a corporation to...
Agentel Corporation is a U.S.-based importing-exporting company. The company entered into the following transactions during the month of November. Nov. 6 Purchased merchandise from AGT, a Swiss firm,...
(d) Define Floating-point representation, Truncation error, and Global error with examples.
True or False. Marked applications are also known as direct application.
In firm underwriting, the underwriter: (a). Does not agree to buy a definite number of shares in addition to unsubscribed shares (b). Agrees to buy a definite number of shares in addition to...
Discuss how and why an investor could use factors to benchmark fundamental active managers.
How do casual gamers differ from hardcore gamers? Are social gamers casual, a hybrid of casual and hardcore, or a new segment of gamer all together?
Identify a current meme and track its origin, or create your own meme using a meme generator like www.memecreator.org.
What is another name for a function declaration?
Draw the general format of a balance sheet.
How can the marketing funnel, customer journey, and levels of engagement guide marketing objectives and the appropriate choice of KPIs?
Transportation can create value, as when an ambulance takes a patient to the hospital or a truck delivers fruits and vegetables to the grocery store. How would you differentiate between necessary and...
Match the following. Answers may be used more than once: Measurement Method A. Amortized cost B. Equity method C. Acquisition method and consolidation D. Fair value method Reporting Method 1. Less...
The following is the Balance Sheet of Sick Ltd. as on 31.3.2016: The following scheme of reorganisation is sanctioned : (1) Tangible fixed assets are to be written-down by 331/3%. (2) Current assets...
The Balance Sheet of P Ltd., as on 31st March, 2016 is as stated below: Dividends on preference shares are in arrear for three years. The company passes a Special Resolution to reduce its capital in...
The Balance Sheet of X Ltd. before reconstruction is as follows: Preference dividend is in arrear for five years. The company is now earning profits but is short of working capital. A reconstruction...
A football is kicked into the air such that its height, h, in metres, after t seconds can be modelled by the function h(t) = 4.9 + 14t + 1. a) Determine the average rate of change of the height of...
1. (20 points) The finance division of NuTec is considering several investment options. If an option is selected, there is a minimium and maximum investment amount allowed. The relevant information...
Your task is to simply explore the crap out of this graph, and record your findings. Is it con- nected? What's the shortest/longest path/cycle in the graph? What's its chromatic number? Noteworthy...

Swetha Ltd. issued 40,000 equity shares of 100 each. Of the issue, 80% was underwritten by Prem.

Question:

Step by Step Answer:

Liability of Prem Particulars Gross Liabil...View the full answer

Corporate Accounting

Students also viewed these Business questions