[amirah]

Hi sir..am unsure with the agent by estoppel rule & apparent/obtensible authority as they sound so familiar. .thank you in adv ?

[amirah]

Rich T is a limited liability company with 200,000 25c shares in issue.At 1 JAN the balance on the share premium account is $75,000.The following transaction occur in the year ended 31 Dec 2006:

31 Jan there is a fully taken up 2 for 5 right issues.The issue price is $1.80.

12 Aug there is a 1 for 10 bonus issue made using the share premium account.

What are the balances on the share capital and share premium accounts on 31 Dec 2006

Answer;- 77,000 for Share capital and 192,000 for share premium

I noticed how you solved it in the question above could you explain like that I wouldn’t have asked for this question but there is this line ;-
The issue price is $1,80 which had confused me

So I am sorry in advance for repeating a similar question

[amirah]

Custard creamies is an incorporated business which needs to raise funds to purchase plant and machinery. On 1 March 2005 it issues $150,000 10% loan notes, redeemable in 10 years time. Interest is payable half yearly at the end of august and Feb

How do you work this question out and what is the double entry for sofp

The year ended 31 December 2015

[amirah]

Heyy that’s great could you email me on husseinamirah@gmail.com (no caps or locks) really stressing on this exam as it is my first one.. would do great with some tips
Thank Youu in advance

[Author]

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