Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION ONE (a) Define the term corporation and briefly discuss the major characteristics of a corporation (b) Write few notes on the following headings

 

QUESTION ONE (a) Define the term corporation and briefly discuss the major characteristics of a corporation (b) Write few notes on the following headings (i) (ii) Authorised shares Called-up capital. (iii) Issued capital (iv) Paid-up capital. (v) Par Value (c) Explain the meaning of treasury stock (d) Outline the characteristics of preference shares QUESTION TWO (1) Distinguish the difference between the following concepts in relation to company accounting (a) Bonus issue and Rights issues (b) Loan stock or Bonds (c) Preference shares and Ordinary shares (d) Redeemable and Irredeemable (e) Reserves and Provisions (f) Unlimited and limited liability (g) Share capital and Share premium (II) Briefly explain the advantages and disadvantages of Bonus and rights issue

Step by Step Solution

3.34 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

Q1 a A corporation is a legal entity which is separated from its owners According to the laws Corporation have all the rights and responsibilities which the individual has it has its own Assets and al... 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_2

Step: 3

blur-text-image_3

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

Discrete and Combinatorial Mathematics An Applied Introduction

Authors: Ralph P. Grimaldi

5th edition

201726343, 978-0201726343

More Books

Students also viewed these Accounting questions

Question

=1. What will you tell the president?

Answered: 1 week ago

Question

Prove that a unit in a ring R cannot be a proper divisor of zero.

Answered: 1 week ago