E15-1 (Recording the Issuances of Ordinary Shares) during its first year of operations‚ Sitwell Corporation had the following transactions pertaining to its ordinary shares. Instructions 1. (a) Prepare the journal entries for these transactions‚ assuming that the ordinary shares have a par value of €3 per share. 2. (b) Briefly discuss how the entries in part (a) will change if the shares are nopar with a stated value of €2 per share. E15-2 (Recording the Issuance of Ordinary and Preference Shares)
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In the current economic climate‚ many Americans have found themselves deep in credit card debt. Many people owe well over $2000 in credit card debt. Some people even owe $20‚000 or $50‚000 or even $75‚000 in credit card debt. Every day we receive even more offers for new credit cards at department stores and in the mail. If we are not careful with our spending‚ our credit can become a big problem. Credit cards are very useful in emergency situations‚ so it is good to have at least one. Put it away
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DEBT MANAGEMENT & LEASING CASE STUDIES Case study 1 Situation: Raiyan Mellizas works as a clerk in one of the clothing companies in the Philippines for about seven years. He supports his family and himself through his job. He uses credit cards for additional to pay his essentials and his expenses. Question1: By the time Raiyan couldn’t control his expenditure using credit cards and he is having a difficulty in paying his debt‚ what he supposed to do? Carrying debt can be extremely stressful
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Student Loan Debt: Rich graduate Poor graduate This year the average college student will graduate with at least $20‚000 in student loan debt (College access and success). For years higher education has been worshiped with God like influence as a way to escape poverty and attain a career and live the American life. With the rising college tuitions it has become increasingly harder for the middle class to afford college and reap the benefits. Seven out of ten students‚ will have a burden
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Q2 2012 Private equity roundup — China Private equity roundup is a quarterly newsletter on trends and perspectives related to private equity activity in China. Contacts: Robert Partridge Greater China Private Equity and Transaction Advisory Services Leader robert.partridge@hk.ey.com Michael Buxton Asia-Pacific Private Equity Leader michael.buxton@hk.ey.com Jeff Bunder Global Private Equity Leader jeffrey.bunder@ey.com Philip Bass Global Private Equity Markets Leader philip.bass@ey.com Peter
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Some special considerations are the mix of debt and equity‚ maintenance of financial flexibility‚ and the preservation of an investment-grade bond rating. Complicating the assessment are low growth and technological obsolescence in the firm’s core business. The purpose is to recommend an appropriate financial policy for the firm and‚ in support of that recommendation‚ to show the impact on the firm’s cost of capital‚ financial flexibility (i.e.‚ unused debt capacity)‚ bond rating‚ and other considerations
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States‚ how concerned should we be? Breaking news that Fitch’s rating on Wednesday‚ August 23 said that failure to raise the federal debt ceiling would allow a review of the United States rating. Currently‚ the United States has the highest rating‚ AAA status. If the debt ceiling is not raised this could be a negative effect on the rating status. This not the first debt ceiling showdown. This happened in August 2011‚ in which the U.S. was stripped of its highest rating. While the U.S. Credit rating
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STUDY ON PRIVATE EQUITY IN INDIA AND ANALYSIS ON PRIVATE EQUITY INVESTMENTS” SUBMITTED BY SUBHASH KONA ROLL NO: 10138 Date: 9th October 2010 A REPORT ON “A STUDY ON PRIVATE EQUITY IN INDIA AND
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Understanding Sleep Debt In Sleep Debt and the Mortgaged Mind‚ William Dement discusses how to recognize the signs of dangerous sleepiness and urges the importance of education on sleep debt. Generally people need to sleep one hour for every two hours awake‚ and we need eight hours. The brain keeps an exact account of how much sleep it is owed. The brain tries to hit this mark‚ and the further you get from this number of hours the harder the brain tries to force you to go to sleep. We use the
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No Forgiveness For Student Loan Debt Danielle McArthur Moore Lorain County Community College Kayla Webley touched on a topic that will soon hit very close to home for me. Student loans have been a necessary evil during my schooling and‚ as the end of school approaches‚ I too will be faced with the daunting task of repayment. While there are many good points made in her article‚ I am by no means on board with the idea. Simply giving a “bailout” for college graduates who owe loans
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