X Limited purchased a business for * 4,40,000. The purchase price was paid by 6%
debentures of * 4,00,000 issued at 10% premium. Pass the necessary journal entries in
the books of X Ltd.
Answers
Answer:
Justin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% loss
16.66% lossJustin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% loss
16.66% lossJustin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% loss
Justin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% lossJustin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% loss
16.66% loss
54% profit
60% profit
16.66% loss
54% profit
60% profit
16.66% loss
54% profit
60% profit
54% profit
60% profit
54% profit
60% profit
Explanation:
Justin Bieber printed 12000 copies of his poster for $60000. He distributed 16.66% of the posters freely as specimen copy and sold 40% of the remaining posters at 20% discount. He sold the rest at 10% discount on $10 per copy. What is the overall gain or loss in the first’s issue of the poster, if the poster could not realize the income from advertisement or other sources?
Answer choices
Select only one option
27% loss
16.66% loss
54% profit
60% profit