When shares of debentures are issued at a premium, ____________ A/c has to be credited with premium
Question:
When shares of debentures are issued at a premium, ____________ A/c has to be credited with premium amount.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Multiple-Choice Questions 1. When noninterest-bearing bonds are issued, the discount is a. Disregarded for financial reporting purposes. b. Expensed immediately. c. Amortized to interest expense each...
-
Multiple Choice Questions 1. Sean Corp. issued a $40,000, 10-year bond, with a stated rate of 8 percent, paid semiannually. How much cash will the bond investors receive at the end of the first...
-
Narayanan & Co. Ltd. purchased assets worth 28,80,000. It issued debentures in satisfaction of the purchase price. Calculate how many debentures will be issued: (a). In case the debentures are of 100...
-
1. Consider the linear system Ax = b (all integer values) with the notation shown below, 1 -3 -1 -2 - H 5 7 - 2261x11 X2 -4 3 9 16x3 615 LX4- = A X b The element a24 = a has been lost. Assume,...
-
Howard Company is 100% owned by Rona. During the current year, Howard sells some land to Rona for $50,000 that had cost Howard $80,000 and that had a fair market value of $100,000. Write a letter to...
-
How aware are you of the country of origin of different products you own? Which products do you care about their country of origin? Why? For those imported brands that you view positively, find out...
-
A current-carrying wire is bent into a circular loop of radius \(R\) and lies in an \(x y\) plane. A uniform external magnetic field in the \(+z\) direction exists throughout the plane of the loop....
-
Cases. Read the following cases. Required: For each separate case, state whether the action or situation shows a violation of the AICPA Code of Professional Conduct; if so, explain why and cite the...
-
The following trial balance was extracted from the books of accounts of KOWA partnership operated by Kori and Wangui partners for the period ended 31/12/2018 after preparing a trading account. KOWA...
-
Karan Limited purchases the business of Mr. Karthick. Karan Limited did not take over the debtors and creditors of Mr. Karthick, amounting to 25,000 and 15,000 respectively, but it promised to...
-
True and False. When discount is received from vendors creditors, then it will be credited to Vendors suspense account.
-
Links of London is an iconic jewelry brand with an international presence that captures the wit, spirit, and heart of London. The design team strives to create exquisite jewelry and statement watches...
-
Design an interface MoveableShape that can be used as a generic mechanism for animating a shape. A moveable shape must have two methods: move and draw. Write a generic AnimationPanel that paints and...
-
Consider an enhancement of the quiz application from Chapter 9 such that a course has a number of quizzes and a number of students. Each student can log in (with a user name and password) and take a...
-
Real cash registers can handle both bills and coins. Design a single class that expresses the commonality of these concepts. Redesign the CashRegister class and provide a method for entering payments...
-
Using the mechanism described in Special Topic 11.1, write a program that reads all data from a web page and writes them to a file. Prompt the user for the web page URL and the file. Data from...
-
Your task is to write a program that reads a customers name and address, followed by a sequence of purchased items and their prices, and prints an invoice. Discuss which of the following would be...
-
Explain the relationship between inventory turnover and purchasing needs.
-
Explain five different cases of income exempt from tax with clear examples.
-
A merchant banker can act as a underwriter provided he holds a certificate granted by A. Government of India B. Company Law Board C. SEBI D. Registrar of Companies
-
What do you understand by underwriting?
-
The payment of commission to underwriter(s) is to be authorised by A. The board of directors B. The articles of association C. The memorandum of association D. Ministry of Corporate Affairs
-
Two partners each have a 50% interest in the partnership's capital and profits. The December 31, Year 3, balance sheet for the partnership is listed below. Adjusted Basis Fair Market Value Cash $...
-
LaBella Inc.'s direct materials cost is $154,300, direct labor cost is $888,700, indirect materials cost is $1,250, indirect labor cost is $1,000, and other factory overhead costs are $15,700. What...
-
Smart Electronics manufactures two types of gaming consoles, Models M-11 and R-24. Currently, the company allocates overhead costs based on direct labor hours; the total overhead cost for the past...
Study smarter with the SolutionInn App