Adjunct Account
What do you mean by the term Adjunct Account?
Expert
Adjunct Account: Adjunct account is that liability account that raises other liability's book value. For illustration, when a corporation issues $100,000 of shares at a value of $105 per share, it will be issuing the shares at a premium of 5%. The journal entry will comprise a debit to Cash for $105,000; a credit to shares Payable for $100,000; and a credit to Premium on shares Payable for $5,000. As credit balance is normal balance for a liability account, the account Premium on shares Payable can be termed to as an adjunct account. Instantly subsequent to the shares are issued, the shares will have a carrying value of $105,000.
The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Explain difference between performing the capital budgeting analysis from the parent firm’s perspective as opposed to the project perspective.
The portion of retained earning that is not available for dividends. To appropriate retained earnings, the company must record the partitioning of retained earnings. The company can use appropriated retained earnings for contingencies or big projects. Appropriating retained earning does not invol
What do you mean by Evaluated Receipt Settlement?
What are the goals of “Great Society” programs?
Explain, how international financial management is different from the domestic financial management?
What an investor should consider before investing in dual currency bonds?
Explain the importance in studying the international financial management?
What is meant by the Triangular arbitrage? Explain about the condition which provides rise to opportunity of the triangular arbitrage?
What would you do when upper management issues a new policy and it was problematic to you? Would you pursue the new policy?
18,76,764
1955614 Asked
3,689
Active Tutors
1443169
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!