ACC311
Q1
Where the company is issuing additional shares to existing shareholders to subscribe to on a pro- rata basis is
Q2
The formation of a new business which then acquires the assets and liabilities of the two or more existing businesses which are then liquidated is
Q3
__ arises from acquisition of a business by another but is generated internally
Q4
Amounts set aside out of profits earned by a company which are not designed to meet any liability or contingency is known as a __
Q5
The shares which entitle its holders to dividend whether or not the company makes profit is:
Q6
Jacuzi partnership made a profit of ₦500,000 in 2016, ₦ 300,000 in 2017 and ₦400,000 in 2018. Calculate the goodwill if goodwill is valued at 2 years purchase of average profit
Q7
The nominal capital of the company is the
Q8
A company whose liabilities are limited to the amount invested in the business in the event of liquidation is a company ____
Q9
The amount by which the value of a business exceeds the value of all its net assets is called:
Q10
A document which states the internal regulations of a limited company is :
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