provided if indebtedness to them is fully discharged. So‚ directors of B & A arranged A(Subsidiary) to pay for the debt. Consequently‚ this share transfer made directors of B & A as the sole shareholders of B. Subsequently‚ A and B went into liquidation. The liquidators took action against C and directors of B & A‚ on behalf of A for the return of the ₤93000. Issue : Whether Armour Hick Northern Ltd (subsidiary)has given a financial assistance to Armour Trust Ltd through the repayment of
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* compare and contrast partnerships and companies to include - formality - legal status - share capital - loan capital - ownership and management - return of capital - liability for debts - publicity - statutory compliance - liquidation - tax status The above is not an exhaustive list and credit will be given to any novel relevant ideas. Question 2 The question requires students to assume that following on from their advice in question 1‚ Ian and his sons from a limited
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dealing and problem of business ethics can be disastrous and could result in loss of confidence and trust in the industry‚ loss of business for the institutions‚ shareholders‚ board/management disputes‚ operational losses‚ distress of the sector‚ and liquidation of institutions‚ capital flight‚ and stagnation of the economy. INTRODUCTION Traditionally‚ the role of banks whether in a developed or developing economy‚ consists of financial intermediation‚ provision of an efficient payments system and serving
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Limited partnership Sole proprietorship Sub chapter ess Winding up Fixture Chapter 7‚11‚13 Dissolution Liquidation Charter Bankruptcy estate Fiduciary Devise Par value Ultra virus Inter vivos gift What does it mean “pierce the corporate veil” What are the 3 steps necessary to end a partnership Name at least 4 functions of a will Name 3 types of businesses that are denied the right to liquidation precedings under chapter 7 of the bankrucpy act Types of bankrupcys relevant to business. There are more
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Web200 Final Exam 2012 Student Name_________________________ True/False Indicate whether the statement is true or false. ____ 1. The USENET was the earliest of the networks that eventually combined to become what we now call the Internet. ____ 2. E-mail was born in 1972 when a researcher wrote a program that could send and receive messages over the Defense Department network. ____ 3. The set of rules for delivering Web page files over the Internet is in a protocol called the Hypertext
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FINC 6022 Behavioural Finance Lecture 5: Overconfidence Lecturer: Andrew Grant Introduction › Overconfidence: Belief in one’s ability that is not justified by actual skill › How do we identify overconfidence? - Miscalibration in judgemental intervals - Better-than-average effect › Miscalibration can manifest itself in estimates of quantities that could potentially be discovered (e.g. the length of the Nile River) › Or in estimates of not-yet-known quantities (e.g. the future price of a stock
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Table of content 1 | Acknowledgement | 2 | 1.0 | Introduction | 3 | 2.0 | Procedures to form a company2.1 Reservation of company name | 44 | 3.0 | Documents required to be lodged to form a company3.1 Memorandum of Association3.2 Article of Association | 555 | 4.0 | Company’s promoters | 6 | 5.0 | Natures of the company5.1 Company as a body corporate5.2 Can sue and being sued5.3 Perpetual succession5.4 Ability to own property5.5 Limited liability for its members | 8910101112 | 6
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LG102 Principles of Commercial Law in Ireland 2007-2008 Dr Olivia Smith Employment Law: Identifying the Contract of Employment Reading: M. Forde‚ Employment Law 2nd ed. (Dublin: Roundhall Sweet and Maxwell‚ 2001) Chapter 2. History ▪ the move from status to contract. Query whether a move back to status? The protection afforded to individual employees under Irish employment law depends on a legal paradigm whereby the rights provided for are implied into the terms of the contract
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One of the subjects of international business that I have a particular interest in concerns the different payment tools that importers and exporters use when selling goods. There is an added level of risk present when conducting transactions internationally. This risk is in the form of theft‚ fraud‚ non-payment‚ complications of multiple governing agencies‚ and the inability to meet time deadlines. There are many financial payment tools that are currently being used to combat the problem of international
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Profitability: • Change in the depreciation accounting method from accelerated to straight line method. Increase of $11 million in 1984 income • Change on the company’s net residual value. Increased net income in $ 3‚4 millions Inventories Liquidation: • The company had a $ 2.4 million increase in its net income‚ as a result of changing inventories method to LIFO 2. What do you think are the motives of Harnischfeger’s management in making the changes in its financial reporting policies?
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