Lee Corporation Equity Scenario Income B-4 Taxes Tax Expense (40%) Net Income 240‚000 96‚000 144‚000 NOTE: adjustments to error corrections are always after tax (AT). JE’s needed: DR Retained Earnings Accumulated Depreciation 15‚000 15‚000 CR Retained Earnings Inventory 21‚000 21‚000 Dividends (Retained Earnings) Cash Dividends Payable 100‚000 75‚000 25‚000 Lee Corporation Retained Earnings Statement for the year ended December 31‚ 2007 January 1‚ as reported Correction for depreciation
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1. What is a share? (1 mark) 2. Identify two advantages of a private placement of shares as compared with a public issue. (1 mark) 3. The shareholders of Quinninup Ltd hold 25 000 A class ordinary shares‚ fully paid at $4.50 each. On 17 April 2012‚ the company directors voted to make a 1 for 5 rights offer to these shareholders. The additional shares were offered at $1.75 each‚ payable in full one month after acceptance. The offer closed on 31 May 2012 with 90% of the shareholders accepting.
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EQUITY AND TRUSTS The statute does not forbid or destroy equitable assignments or impair their efficacy in the slightest degree." Per Lord Macnaghten in William Brandt’s & Sons & Co v Dunlop Rubber Co Ltd [1905] AC 454‚ 461 Discuss critically the above statement with regard to the Malaysian legal position. Before receiving his title deed‚ a person may obtain a loan from a financier by assigning the rights to the property to the financier. Similarly‚ a creditor may obtain a loan from a factor
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E- Business at HEDGE EQUITIES PVT LTD Introduction to HEDGE EQUITIES PVT LTD Team Hedge is a balanced mix of more than 15 years experience cutting across various industries with a strong background in the financial markets. The board comprises of six power houses in their respective fields - Fedex Securities‚ Baby Marine Exports‚ Thakker Developers‚ Smart financial‚ SM Hegde (CFO‚ Videocon Industries) and Padmashree Mohan Lal Fedex Securities Managed
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some property in order for a trust to succeed and this approach is commonly referred to as ‘the orthodox approach’. The principle that property must be separately identified before it can be held on a valid trust has been affirmed many times and no more conclusively then in the case Re Goldcorp Exchange Ltd. Goldcorp Exchange Ltd was a bullion exchange company that went into insolvency. At the time of the company’s decline many purchasers of gold bullion had paid but had not taken delivery of the
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of curriculum‚ teaching‚ and learning as affirming diversity. You could think specifically about the following questions: Is there a need for diversity in curriculum studies and designs? Why? What measures do you think will be effective in incorporating such a need into curriculum studies and designs? What is the relevance of diversity to your career goal‚ to education in your family‚ community‚ and school‚ to education in Georgia‚ and to education in general? In which way can you develop a curriculum
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Owners Equity Paper Ubaldo Reyes university of phoenix Intermediate Financial Accounting III ACC/423 Donald Autrey June 28‚ 2013 Owners Equity Paper Before investors invest in a company‚ they must take various items into consideration. First‚ both paid in capital and earned capital are looked at. These items tell investors how well the company is doing and if the company is profitable. Next‚ investors look at earnings‚ basic and diluted. Once an investor takes the above into consideration
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Brand management‚ one of the most interesting marketing measures‚ allows you to understand how brand equity is built and well maintained by MNCs. You will understand how to add value to your product‚ differentiate it from others and finally‚ position your offerings as the best or most appealing in the market. However‚ it will be completely hidden what you are going to do in future. So‚ let’s see what is going to be your actual job? Suppose‚ you are Mr. Jonathan and you are appointed as a Brand manager
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Gender Equity One of our civil liberties is the pursuit of happiness‚ which homosexual people are not allowed to chase. I was raised in the United States of America where they say it’s the land of the free. In saying that‚ Gender should not factor into same sex marriage and adoption because it’s against the constitution and moral rights. Being a same sex couples should not factor into a legalized marriage because in the constitution under the tenth amendment‚ which states “Constitution ’s principle
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Equity Theory of Motivation As the cliche goes‚ no man is an island. Everything man does is influenced by other men and his environment. Be it in school or at work‚ the reason why people persevere lies on the desire to achieve a certain goal. Hence‚ motivation is essential to keep the drive of doing things passionately and effectively. However‚ the enthusiasm to sustain the dream and keep the motivation alive can be tampered by life’s uncertainties. Given the unique characteristics that each student
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