• For each of the 10000 shares of Rs.10 each in Krishnan Ltd‚2 shares in Raman Ltd of Rs.10 each will be issued at an agreed value of Rs.12 per share.In addition‚Rs.4 per share cash also will be paid. • 8 % debentures worth Rs.80‚000 will be issued to settle the Rs.60000 9 % debentures in Krishnan Ltd..Calculate Purchase consideration. Ltd.. 5) What does schedule 14 of the Insurance Company Accounts deals with? List any two items which are covered by the said schedule. schedule 6) What is
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ACCA P2 (International) Course Overview GROUP ACCOUNTING – BASIC GROUPS Statement of financial position – standard workings Group structure Retained earnings Net assets Noncontrollin g interests Goodwill Statement of comprehensive income – standard workings Group structure Retained earnings b/fwd Net assets at aq’n Noncontrolling interests Goodwill Consol’n schedule Accounting for associates Group structure Share of retained earnings at each SOFP date
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The ’indoor management rule’ explained Introduction At common law‚ a person dealing with a corporation – assuming that he or she is acting in good faith and without knowledge of any irregularity – need not inquire about the formality of the internal proceedings of the corporation‚ but is entitled to assume that there has been compliance with the articles and bylaws.(1) This principle‚ known as the ’indoor management rule’‚ was authoritatively laid down in the 19th century case of Royal British
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would be required. Secured loans represent loans taken from banks‚ financial institutions‚ debentures (either from public or through private placement)‚ bonds etc. for which the company has mortgaged immovable fixed assets (land and building) and/or hypothecated movable fixed assets (at times even working capital assets with the explicit permission of the working capital banks) Usually‚ debentures‚ bonds and loans for fixed assets are secured by fixed assets‚ while
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that can be called a business like or reasonable estimate of value." Transfer of the business took place on June 1‚ 1892. The purchase money the company paid to Mr. Salomon for the business was £20‚000. The company also gave Mr. Salomon £10‚000 in debentures (i.e.‚ Salomon gave the company a £10‚000 loan‚ secured by a charge over the assets of the company). The balance paid
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Exchange Traded Bonds and Sukuk (ETBS) Bonds/Sukuk have always been seen as an asset class to hedge when markets are bearish and a means to develop a steady income over many years. But in the past the bonds/sukuk market was accessible only to high net worth and institutional investors. Now with ETBS‚ all investors can have access to the bond/sukuk market with ease‚ via the stock market. What are ETBS ETBS are fixed income securities‚ also known as bonds or sukuk*‚ that are listed and traded
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capital structure that is made up of 34 percent long-term debt‚ 3 percent preferred stock‚ and 63 percent common stock. One of the two largest domestic long-term debt issues is an 8.5 percent coupon bond (semi-annual) that is due in 15 years. This debenture is currently selling for $1020. The bond is callable in seven years and if called will be redeemed at a price of 1040. The other large
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Ratio Analysis Perform traditional comparative and trend analysis as well as multivariate financial statement analysis for 1980 to 1990. Can you analyze the performance of Wheeling Pittsburgh in a manner that reveals if WHX was heading towards distress before 1985? The table below shows calculated financial ratios for the period 1980-1990. Calculation details include: * ROE was calculated using Reported Net Income prior to preferred dividends and Total Common Equity without including
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substantial public interest in that the ownership of the company ’s share capital is widely spread. Public companies are entitled to raise capital through a share issue by issuing a disclosure document which entitles them to have their shares or debentures etc. listed on a stock exchange‚ such as the Australian Securities Exchange‚ to facilitate transferability. Proprietary companies on the other hand have specific limitations in terms of the amount and restrictions on its fundraising activities
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AT&T’s Market Capitalization and Enterprice Value Evaluation The final data for AT&T’s Market Capitalization and Enterprice Value Evaluation is shown below: | |2006-12-31 |2010-12-31 |2015-12-31 | |No. shares of common stock outstanding |6‚244‚142‚361 |5‚911‚433‚420 |5‚911‚433‚420 | |Share price ($) |37.5 |28.08
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