Question

premium of 40 per share. The amount was payable as follows: Shyam Ltd. invited applications for issuing 80,000 shares of 310

0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
premium of 40 per share. The amount was payable as follows: Shyam Ltd. invited applications for...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Question 6 Neste Berhad has offered to pu each payable as RM30 per RM20 on the...

    Question 6 Neste Berhad has offered to pu each payable as RM30 per RM20 on the first call and 40,000 shares and pro-rata ad has offered to public for subscription 30,000 ordinary shares of RM100 "yable as RM30 per share on application. RM30 per share on allotment, the first call and RM20 on the second call. Applications were received for ares and pro-rata allotment was made on the application for 35.000 Excess application money was utilised towards allotment. Albert to...

  • Neste Berhad has offered to public for subscription 30,000 ordinary shares of RM100 each payable as...

    Neste Berhad has offered to public for subscription 30,000 ordinary shares of RM100 each payable as RM30 per share on application, RM30 per share on allotment, RM20 on the first call and RM20 on the second call. Applications were received for 40,000 shares and pro-rata allotment was made on the application for 35,000 shares. Excess application money was utilised towards allotment. Albert to whom 600 shares were allotted failed to pay the allotment money and his shares were forfeited immediately...

  • Accounting for share capital On 1 January 2019, Funland Ltd was registered and issued a prospectus,...

    Accounting for share capital On 1 January 2019, Funland Ltd was registered and issued a prospectus, offering 1,000,000 preference shares at $2.00 payable in full on application by 31 March 2019, and 2,000,000 ordinary shares at $6.00 with $4.00 due on application by 31 March 2019, $1.50 due within one month of allotment, and $0.50 due on a call to be made by the directors at a later date. By 31 March 2019, the company had received applications for 800,000...

  • larry ltd was registered as a new company on 3rd January 2020 and issued a prospectus...

    larry ltd was registered as a new company on 3rd January 2020 and issued a prospectus inviting applications for 700000 at $4 each. $1.5 was payable on application, a further $2 was payable on allotment and final $0.5 was payable on a call to be made on 15th august 2020. Applications closed on 16h feb 2020 and the total application for 725000 shares were recieved. This includes one applicant who paid for 30000 shares in full. The directors allotted the...

  • On 1 August 2016, NBS Ltd was incorporated and a prospectus was issued inviting applications for...

    On 1 August 2016, NBS Ltd was incorporated and a prospectus was issued inviting applications for 200 000 ordinary shares to the public at an issue price of $8, payable as follows: $4 on application (due by closing date of 1 October) $2 on allotment (due 1 November) $2 on final call/calls (to be determined by the directors) By 1 October, applications had been received for 230 000 ordinary shares of which applicants for 50 000 shares forwarded the full...

  • • Prepare the general journal entries to record the above independent scenarios. • Narrations to general journal entries must be provided. • Complete and detailed workings/calculations must be shown....

    • Prepare the general journal entries to record the above independent scenarios. • Narrations to general journal entries must be provided. • Complete and detailed workings/calculations must be shown. • Absence of workings/calculations may lead to zero marks allocated to the particular general journal entry, despite the fact that the entry might be correct! PLEASE answer scenario5 to 7 thank you very much The directors issued a prospectus offering 40,000 ordinary shares at an issue price of $2.80, payable $2...

  • weele to Question 1 Polard Ltd issues a prospectus inviting the public to subscribe for 60...

    weele to Question 1 Polard Ltd issues a prospectus inviting the public to subscribe for 60 million ordinary shares of $3.00 each. The terms of the issue are that $2.00 is to be paid on application and the remaining $1.00 within one month of allotment Applications are received for 72 million shares during August 2018. The directors allot 60 million shares on 15 September 2018. All applicants receive shares on a pro rata basis. The amounts payable on allotment are...

  • On 1 July 2020 Jenny Ltd issued a prospectus to the public offering 15 million shares...

    On 1 July 2020 Jenny Ltd issued a prospectus to the public offering 15 million shares at $2.00 each. The prospectus specified that $1.00 per share is to payable on application and a further $0.50 will be payable on allotment. The closing date for applications was 31 August 2020. By the closing date, applications have been received for 20 million shares. To deal with the oversubscription, the directors of Jenny Ltd decided to issue shares to all subscribers on a...

  • Question 3 Week 4 (7 marks) Aqua Ltd issues a prospectus inviting the public to subscribe...

    Question 3 Week 4 (7 marks) Aqua Ltd issues a prospectus inviting the public to subscribe for 30 million ordinary shares of $2.00 each. The terms of the issue are that $1.00 is to be paid on application and the remaining $1.00 within one month of allotment. Applications are received for 36 million shares during July 2019. The directors allot 30 million shares on 15 August 2019. The shares were allotted on a first-come, first-serve basis. The directors refunded the...

  • July 1               The company decided that 1,500,000 ordinary shares were to be offered to the public at an issue price of $3, payable as follows: $1.50 on application (due 1 August) $0.50 on allot...

    July 1               The company decided that 1,500,000 ordinary shares were to be offered to the public at an issue price of $3, payable as follows: $1.50 on application (due 1 August) $0.50 on allotment (due 30 August) $1 on future calls August 1          Applications had been received for 1,750,000 shares of which applicants for 300,000 shares forwarded the full $3 per share, the remainder paying only the application money. August 5          At the directors’ meeting it was decided to allot...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT