What will be the number of shares to be issued to a subscriber who applied for 50,000 units.
20,000
18,000
15,000
12,000
Correct answer is A
Allotment = 500,000 = 0.4 or 40%
∴ Each subscriber would get 40% shares of what they applied for.
∴ 50,000 x 0.4 = 20,000 units
Which method of pricing can be used satisfactorily in either rising or falling price situation?
Market price
Average method
FIFO
Standard price
Correct answer is B
An average method which accommodate all the prices and then divide (inform of mean) is well acceptable in either of the two situation.
N16,000
N17,000
N13,000
N14,000
Correct answer is B
15000 + 2000 = 17,000
An expenses is said to be revenue in nature if it
Adds or contributes to the operating income of the business
Necessitates the introduction of additional capital
Reduces the capital of the business
Adds to or improves the value of fixed assets
Correct answer is A
No explanation has been provided for this answer.
N655 credit
N655 debit
N130 credit
N130 debit
Correct answer is B
No explanation has been provided for this answer.