Question
Agnes Nyawira is the managing director of Machakos Creations Ltd. and owns 60% of the shares in the company which distributes and sells works of
Agnes Nyawira is the managing director of Machakos Creations Ltd. and owns 60% of the shares in the company which distributes and sells works of art. Shantelle and Gildon are the other directors holding between them 30% shares. Agnes Nyawira is also a shareholder in Crown Oil Projects Ltd., a company which produces oil paintings. In her capacity as managing director of Machakos Creations Ltd., Agnes Nyawira ordered Sh. 1 million worth of oil paintings from Crown Oil Projects Ltd. and she was paid a commission of Sh. 500,000 by Crown Oil Projects Ltd
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started