Co. Ltd. issucd 15,000 shares of 100 each at a discount of 20 pershare payable as follows20 on Application50 on Allotment (including discount)30 on Call.Application were received for 18,000 shares, excess application money wererefundedA shareholder holding 1,000 shares did not pay call money. His shares wereforfeited after call. Out of these 600 shares were re-issued to Mr. Roy

A company forfeited 3,000 shares of ₹10 each, on which only ₹5 per share (including ₹1 premium) hasbeen paid. Out of these few shares were re-issued at a discount of ₹1 per share were and ₹6,000 weretransferred to Capital Reserve. How many shares were re-issued?

If 10,000 shares of ₹10 each were forfeited for non-payment of final call money of ₹3 per share andonly 7,000 of these shares were re-issued @₹ 11 per share as fully paid up, then what is the minimumamount that company must collect at the time of re-issue of the remaining 3,000 shares?a) ₹ 21,000b) ₹ 9,000c) ₹ 16,000d) ₹ 30,000

Aman Paints Ltd. invited applications for issuing 1,60,000 equity sharesof ` 10 each at a premium of ` 3 per share. The amount was payable asfollows:On Application – ` 6 per share (including premium ` 1);On Allotment – ` 3 per share (including premium ` 1); andOn First and Final Call – BalanceApplications for 1,80,000 shares were received. Applications for 10,000shares were rejected and pro-rata allotment was made to the remainingapplicants. Over payment received on application was adjusted towardssum due on allotment. All calls were made and were duly received exceptallotment and final call from Aditya who was allotted 3,200 shares.His shares were forfeited. Half of the forfeited shares were reissued for` 43,000 as fully paid up

A company resells 400 shares of its own common stock for $20 per share. The company had acquired these shares two months before for $15 per share. The resale of this stock would be recorded with a:Multiple ChoiceCredit to Treasury Stock for $8,000.Debit to Common Stock for $8,000.Debit to Additional Paid-in Capital for $2,000.Credit to Additional Paid-in Capital for $2,000.

Coles Ltd has recently made some strategic investments. The finance director is concerned about whether AASB10 will require the financial statements of some or all of the investee entities to be consolidated. Advise the finance director as to whether the investments below satisfy the control criteria in AASB10 and whether Coles Ltd will need to consolidate the relevant entity.Coles Ltd has a 25% interest in the issued capital of XYZ Pty Ltd, which is a company involved in the same industry as Coles Ltd. The remaining 75% of the shares are owned by Mr and Mrs M, who are the founding shareholders. Mr and Mrs M have given Coles Ltd four out of the seven seats available on the board of directors. Coles Ltd takes the lead on all decisions, but Mr and Mrs M hold the other two board positions and monitor the business closely.a.Coles should consolidate XYZ Pty Ltd.b.XYZ Pty is a joint arrangement of Coles Ltd.c.XYZ Pty is an associate of Coles Ltd.d.None of the above.