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Course 21164
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Local Ltd offered 10 000 ordinary shares of N$2.50 to the public. The full share issue is underwritten by Forex Ltd at a commission of 7%. The public only subscribed for 8 000 shares. Determine the underwriters commission payable to Forex Ltd:
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J and K shared profits equally. Their capital account balances were J N$400000 and K N$160000.L was admitted as a partner. The three partners then shared profits equally. On admission of L as a partner, assets were increased in value by $210000. L paid in capital equal to the average new capital balances of J and K. What was the capital paid in by L?
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Which item would be entered in a statement of changes in equity?
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Which item is not taken into account when a partner joins a partnership?
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100%
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A private company cannot
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A company may issue its shares:
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If membership fees received in advance at year-end amount to N$5,000, the adjustment required is to:
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Premium received on issue of shares cannot be utilised for ---------.
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Which statement is NOT a feature of a non-profit organisation?
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100%
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The amount of capital with which the company intends to get registered is known as
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