X, Y, and Z are partners. Net profit 30,000, distributed in

$$\frac{1}{2}$$

,

$$\frac{1}{3}$$

, and

$$\frac{1}{6}$$

shares. How much will Z receive?

1.If shares are issued at a premium, what will be the effect on the company's financial position?

2.What type of asset is share premium?

3.If '$X^{\prime} Company issues shares at 10$% premium and receives a total of

4.What is a bad debt for a business?

5.What is the net purchase of '$X^{\prime}$ Ltd.?

6.Purchase price of furniture

7.Unpaid dividends- i. A part of declared dividend ii. A current liability iii.Can be adjusted with profits after a long time Which one is correct?

8.What is the production cost per table?

9.In the fixed capital method, $partners^{\prime} commission should be$ shown- i. Debit in profit & loss appropriation account ii. Credit in $partners^{\prime} capital account$ iii. Credit in $partners^{\prime} current account Which one is$ correct?

10.What does a credit balance in $partners^{\prime} current account$ indicate?

11.What is the full form of IPO?

12.What will be the premium amount in the financial statement?