True and False. Expenses such as directors fees, discount on issue of shares, underwriting commission, interest on
Question:
True and False. Expenses such as director’s fees, discount on issue of shares, underwriting commission, interest on debentures, etc., are to be charged fully to postincorporation period.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The authorised capital of Moon Ltd. is 5,00,000 consisting of 2,000, 6% Preference Shares of 100 each and 30,000 Equity Shares of 10 each. The following was the Trial Balance of Moon Ltd. as on 31st...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Hatch plc has two classes of share capital outstanding: 8%, 20 par preference and 5 par ordinary. At December 31, 2021, the following accounts were included in equity. Share CapitalPreference,...
-
Dawkins Logging Company buys 400 acres of forest land for $50,000. The purchase price is allocated as follows: $10,000 to the land and the remaining $40,000 to the timber. At the time of purchase,...
-
Identify the different types of environmental accounting
-
Pennies spinning. Hold a penny upright on its edge under your forefinger on a hard surface, then snap it with your other forefinger so that it spins for some time before falling. Based on 50 spins,...
-
For each of the following independent cases, identify the missing value(s). Precision Sample estimate Reliability Precision interval Sampling risk 20 56 95% 10 80 D) 75 to 85 10% 98% 111 to 131 IF)
-
The following is an Adjusted Trial Balance for Newfoundland Ice Harvesters Inc. Newfoundland Snow Removal Inc. Adjusted Trial Balance December 31, 2020 Debit Credit 31.950 55,500 5,700 6,300 4,800...
-
Preliminary expenses written off are debited to ____________ period.
-
Bad debts are to be apportioned in: (a). Time ratio (b). Sales ratio (c). Post in pre-incorporation period (d). Post in post-incorporation period.
-
Explain why communication style bias might erode partnering relationships. Why is versatility essential?
-
Jason is a sole trader in the architecture industry. For the year ending 30 June 2019, Jason hired a 3D model designer, Sarah, to help him with the growing business. At the end of the year he has the...
-
Read Case 14-1 Trojan Technologies (15th ed., p. 426 OR 16th ed., p. 431) Guiding Questions and additional information: In preparing your case study, ensure that you answer the following questions:...
-
Jorge Rimert works for Road to Success Collection Agency. He oversees mailing out collection notices to patients. Upon review of the patients who have not paid from Hideaway Hospital, Jorge notices...
-
An epidemiologist plans to conduct a survey to estimate the percentage of women who give birth. How many women must be surveyed in order to be 99% confident that the estimated percentage is in error...
-
A 100 acre plot of land has a concentration time of 80 minutes. The area is residential single family homes with a C-0.40. What is the percent Increase in stormwater runoff from a 50 year recurrence...
-
Neal, a twelve-year old boy, buys a pair of skis from Outdoor Outfitters ("OO"). He tells the salesperson that he has never been skiing but "he really wants to do it." The OO salesperson urges Neal...
-
If the cylinder described in Problem 21.3 were initially heated to 500F, how long would it take for the center of the cylinder to cool to 240F if it were constructed of a. Copper? b. Brass? c. Nickel?
-
The expenditure incurred on test runs is usually A. Capitalised as a direct element of the construction cost B. Capitalised as an indirect element of the construction cost C. Treated as revenue...
-
Modvat credit is A. Added with the cost of the fixed asset B. Deducted from the cost of the fixed asset without any condition C. Deducted from the cost of the fixed asset if certain conditions are...
-
Standby equipment and servicing equipments are A. Ignored B. Accounted for as current assets C. Accounted for as fixed assets
-
Create a Data Table to depict the future value when you vary the interest rate and the investment amount. Use the following assumptions: Interest Rates: Investment Amounts:-10.0% $10,000.00 -8.0%...
-
Isaac earns a base salary of $1250 per month and a graduated commission of 0.4% on the first $100,000 of sales, and 0.5% on sales over $100,000. Last month, Isaac's gross salary was $2025. What were...
-
Calculate the price, including both GST and PST, that an individual will pay for a car sold for $26,995.00 in Manitoba. (Assume GST = 5% and PST = 8%) a$29,154.60 b$30,234.40 c$30,504.35 d$28,334.75...
Study smarter with the SolutionInn App