The company acquired 50000 8 preferencd shares with a par, Ask an Expert

Statistics

The company acquired 50000 8% preferencd shares (with a par value of R4 each) in cross limited on 30 june 2006 for R180000.transaction costs at the acquisition date amounted to R1250.preference dividends are paid annually on 30 september.due to the decline in the current market,the directors agreed to sell 30000 of these preference shares on 1 july 2008 for R3 each.the preference shares traded at R3.05 on 31 december 2008 (31 december 2007 : R3.20).prepare journal entries for financial year 31 december 2008.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9502212

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

1 suppose you purchase anbsp30-year zero-coupon bond with a

1) Suppose you purchase a 30?-year, ?zero-coupon bond with a yield to maturity of 6.5 % You hold the bond for five years before selling it. i. If the? bond's yield to maturity is 6.5 % when you sell? it, what is the ann ...

A new type of soft drink from frackly inc is sold in 500

A new type of soft drink from Frackly Inc. is sold in 500 milliliter (ml) bottles. The mean volume of drink placed in a bottle is 490 ml with a standard deviation of 6.1 ml. Assuming a normal distribution of the data, wh ...

While preparing for their comeback tour the flaming rogers

While preparing for their comeback tour, the flaming Roger's find that the average time it takes their sound tech to set up for a show is 61 minutes, with a standard deviation of 4.1 minutes. If the band manager decides ...

During the winter of 2008-2009 the average utility bill for

During the winter of? 2008-2009, the average utility bill for residents of a certain state was ?$173 per month. A random sample of 30 customers was selected during the winter of? 2009-2010, and the average bill was found ...

In a sample of 20 cups of coffee at the local coffee shop

In a sample of 20 cups of coffee at the local coffee shop, the average temperature was 162.5 degrees with a standard deviation of 14.1 degrees. What would be the 95% confidence interval for the temperature of your cup of ...

In a poker hand consisting of 5 cards find the probabilty

In a poker hand consisting of 5 cards find the probabilty of holding 2 aces and 3 jacks In how many ways can you pick 5 different questions from a test bank contsisting of 15 questions? 3 dice are thrown find the probabi ...

Folgers has specified that the average amount of coffee

Folgers has specified that the average amount of coffee that goes into one of their small coffee cans is not to exceed 13.24 ounces. A quality control inspector for Folgers takes a random sample of 16 cans and found the ...

According to a research institution the average hotel price

According to a research? institution, the average hotel price in a certain year was ?$95.36. Assume the population standard deviation is ?$20.00 and that a random sample of 42 hotels was selected. a. Calculate the standa ...

1 according to the national health and nutrition

1. According to the National Health and Nutrition Examination Survey, published by the National Center for Health Statistics, the serum (noncellular portion of blood) total cholesterol level of US females 20 years old or ...

What is the business of wholesale banking in terms of its

What is the business of wholesale banking in terms of its Products and Services and its customer base? What are the key challenges in the wholesale banking market?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert