Semaphore Ltd Called for Subscriptions for 15 Million Shares

question 38

Multiple Choice

Semaphore Ltd called for subscriptions for 15 million shares.The issue price per share is $2.50 to be paid in two parts: the first payment of $1.00 is to be made on application and the remaining $1.50 is to be paid within 1 month of allotment.At the end of September,when applications close,applications for 19 million shares have been received.The shares are allotted on 1 October on a pro rata basis with the excess application money to be applied against the amount due on allotment.All amounts on allotment are paid by the due date.What are the accounting entries to record these events?

Comprehend the impact of Rogers's work on educational, corporal, and therapeutic environments.

Identify the role of unconditional and conditional positive regard in personal development.

Understand the assessment techniques and research methods utilized in Rogers's theory.

Examine the characteristics of fully functioning individuals according to Rogers.

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Definitions:

Competitive Market

A market structure characterized by a large number of firms, none of which can influence market price by acting alone.

Identical Firms

Companies within a market that produce homogeneous products or services with no distinct differences from the consumer's perspective.

Market Supply Curve

The market supply curve is a graphical representation that shows the relationship between the quantity of goods that producers are willing to sell and the price of these goods.

Competitive Market

A market structure in which many firms offer products or services that are similar, allowing consumers to have choices, leading to lower prices due to competition.