Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.Calender Limited is considering securing of Cabbage Limited. Calender Limited has 5 million shares having M/s Marvilset worth of $ 40 for each offer while

1.Calender Limited is considering securing of Cabbage Limited.

Calender Limited has 5 million shares having M/s Marvilset worth of $ 40 for each offer

while Cabbage Limited has 3 million shares

having M/s Marvilset worth of $ 25 for each offer. The EPS for Cabbage Limited and

Calender Limited are $ 3 for each offer and $ 5 for every offer separately. The

administrations of both the organizations are examining two choices for

trade of offers as follows:

(I) with respect to relative income per portion of the two organizations.

(ii) 1 portion of Calender Limited for two portions of Cabbage Limited.

Required:

(I) Calculate the EPS after consolidation under both the other options.

(ii) Show the effect on EPS for the investors of the two organizations

under both the other options.

2.The term "Proposition or offer" has been characterized in - of the Indian agreement Act,

a) Section 2(a) c) Section 2(c)

b) Section 2(d) d) Section 2 (d).

3.The term "Guarantee" has been characterized in - of the Indian Contract Act. :

a) Section 2(a) c) Section 2(c)

b) Section 2(b) d) Section 2 (d)

4.The individual making the proposition is called :

a) Promisor c) Participator

b) Promises d) Principal.

5.Offer suggested from direct of gatherings or from conditions of the case is called -

a) Implied offer c) General offer

b) Express offer d) Specific offer.

6.An offer made to a - (I) Specific individual, or (ii) a gathering of people is known as -

a) Standing offer c) Special offer

b) Specific offer d) Separate offer.

7.Communication of proposition is finished with regards to the information on -

a) The individual to whom it is made c) Either a) or b)

b) The proposer d) The Court.

8.Terms of an offer should be :-

a) Ambiguous c) Uncertain

b) Definite d) Vague

9.Offer ought not contain a term, the non - Compliance of which would add up to

acknowledgment.

a) True c) False

b) Partly True d) None of the abovementioned.

10.When two people make indistinguishable proposals to one another, in obliviousness of one another's offer, it

is called -

a) Cross offers c) Direct offers

b) Implied offers d) Express offers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475

More Books

Students also viewed these Accounting questions

Question

1. Information that is currently accessible (recognition).

Answered: 1 week ago