PROBLEM NO. 1 Resolve Corporation began operations on January 1‚ 2005. The company was authorized to issue 60‚000 shares of P10 par value common stock and 120‚000 shares of 10%‚ P100 par value convertible preferred stock. In connection with your audit of the company’s financial statements‚ you noted the following transactions involving stockholders’ equity during 2005: Jan. 1 Issued 1‚500 shares of common stock to the corporation promoters in exchange for property valued at P510‚000 and services valued
Premium Stock market Preferred stock Corporate finance
Corporate Crime Key Terms *corporate crime: any act committed by a corporation that is punished by the state‚ regardless whether it is punished under administrative‚ civil‚ or criminal law *corporate violence * price fixing: industry leaders set inflated prices & competitors adjust their own prices accordingly *price gouging: when a seller prices items unreasonably high or unfair. *predatory pricing: the or acting of selling a product or service at a very low price‚ intending to drive competitors
Premium Fraud
Preference Shares As in section 4 of Company Act 1965‚ it interpret preference share as “a share by whatever name called‚ which does not entitle the holder thereof to the right to vote at the general meeting or to any right to participate beyond a specified amount in any distribution whether by way of dividend‚ or redemption‚ in wind up‚ or otherwise.” (the library book) Besides that‚ section 66(1) of Company Act 1965 also states that “No company shall allot any preference shares or convert any
Premium Stock market Stock Democracy
if Gainesboro repurchased its shares? Should Gainesboro do so? Repurchasing shares or share buyback: – Open market repurchases (buy over time as other investors) – Tender offer (buy shares at a precise date) – Targeted repurchase (buy from major shareholder There are ways for shareholders to receive cash without being paid dividends. A firm can buy back some of its shares with the advantage being that most investors are not taxed as heavily on shares sold as they are on dividends received
Premium Stock market Finance Stock
Protect your Pokemon trading cards using sleeves to raise their value in the market Trading cards are one of the most popular collectible items in modern history. These cards are mainly a set of cards‚ connected through a common theme or series‚ which are collected‚ traded and sold to other collectors. However‚ when the trading of cards stuck in the mind of people‚ generally they think about the sports cards. These types of cards usually have prints of photos and stats of the famous professional
Premium Video game Game Play
Shares-A share is the interest of shareholder in terms of money in the business represented as a liability on the company. In the words of Justice Farewell‚ “The interest of a shareholder in the company measured‚ by a sum of money for the purpose of liability in the first place‚ and the interest (dividend) the second‚ but also consisting of various covenants entered into by the shareholder inter se.” It defines the relation between the company and shareholder. Shareholders are the real owners of
Premium Stock Public company Privately held company
Types of shares: Share issued by a company can be divided into following categories: (I) Preference Shares: According to section 85 of the Companies Act‚ 1956‚ persons holding preference shares‚ called preference shareholders‚ are assured of a preferential dividend at a fixed rate during the life of the company. They also carry a preferential right over other shareholders to be paid first in case of winding up of the company. Thus‚ they enjoy preferential rights in the matter of: (a) Payment of
Premium Stock Stock market
women might not commit as much crime as men. (50 marks) The term ‘crime’ means behaviour that breaks the law. For example‚ someone who commits a crime such as drug offences or theft is considered a criminal. Feminists accept that women commit less crime than men because they are more likely to conform to rules and social controls than men. Based on the evidence in the ‘Official Crime Statistics’ (OCS) of 2009 and 2010 in England and Wales‚ men are five times more likely to commit crime than women. Surprisingly
Free Crime Sociology Feminism
How did slavery begin? How did it change our country as a whole? How does it affect us all today? Slavery refers to a condition in which individuals are owned by others‚ who control where they live and at what they work. Slavery had previously existed throughout history‚ in many times and most places. The ancient Greeks‚ the Romans‚ Incas and Aztecs all had slaves. Slavery started in 1619. The first antislavery society was founded in 1775 by a group named the Quakers. They were the first group to
Premium Slavery in the United States
Prohibition With crime rates reaching new lengths and drugs replacing alcohol‚ the Prohibition Era created more problems than it solved. The Prohibition Era began in 1920 and continued through 1933. It was intended to “decrease the evils of alcohol” (“The Prohibition Era”). Its main goal was to lower crime by bettering our society. Prohibition was suppose to improve the overall health of America. Unfortunately‚ it caused several more issues to arise. Prohibition commenced with the 18th amendment
Premium Prohibition in the United States United States Alcoholic beverage