State, with reason, whether the Proprietary Ratio will improve, decline or will not change because of the
following transactions if Proprietary Ratio is 0.8 : 1:
(ii) Purchased machinery of 2,00,000 by cheque.
(it) Redeemed 7% Redeemable Preference Shares 3,00,000.
Obtained a loan of ? 5,00,000 from State Bank
of India payable after five years.
i) issued equity shares to the vendor of building purchased for 7,00,000.
w Redeemed 10% redeemable debentures of 6,00,000,
Answers
Elon Reeve Musk FRS is a business magnate, industrial designer, engineer, and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.
Born: 28 June 1971 (age 49 years), Pretoria, South Africa
Net worth: 8,810 crores USD (2020) Forbes
Partner: Grimes (2018–)
Spouse: Talulah Riley (m. 2013–2016), Talulah Riley (m. 2010–2012), Justine Musk (m. 2000–2008)
Children: X Æ A-Xii, Nevada Alexander Musk, Kai Musk, Xavier Musk, Saxon Musk, Damian Musk, Griffin Musk
Education: University of Pennsylvania (1991–1997), Wharton School of the University of Pennsylvania (1992–1995), more