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Forfeiture of share.Example 1: Company makes final call of 25c per share on 500 000 shares issued at $1. Holders of 20 000 shares fail
Forfeiture of share.Example 1: Company makes final call of 25c per share on 500 000 shares issued at $1. Holders of 20 000 shares fail to pay the call and directors forfeit these shares. 1. Prepare GJ entries to reflect forfeiture and cancellation of shares
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Interpreting And Analyzing Financial Statements
Authors: Karen P Schoenebeck, Mark P Holtzman
5th Edition
0136121985, 9780136121985
