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Nana K Agyare
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I believe the you should focus on the cashflows.
1. Each person gave $10 out.
2. Each person received $1 in.
3. This leaves each person with a net outflow on $9.
4. Total net outflow of the three guys is $9 x 3 = $27
Try this.
Hello,
If ABC company issued 5,000 convertible bonds @ the beginning of Year 1. The bonds have a three year term and are issued at par with a face value of $1,000 per bond giving a total of $5,000,000. Given that interest is payable annually in arre…
Hello,
If ABC company issued 5,000 convertible bonds @ the beginning of Year 1. The bonds have a three year term and are issued at par with a face value of $1,000 per bond giving a total of $5,000,000. Given that interest is payable annually in arre…
Technically these are additional assets brought into the business by virtue of the acquisition. Hence they have to be reported as such in the notes to the accounts. However, where one wants to show clearly fixed assets acquired by the parent during…
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- Profession:
- Accounting
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- Auditor
- Past Experience:
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- Education:
- BSc. Administration (Banking & Finance option); ICA(Gh) final exam qualification
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- Ghana, Accra
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