PERFORMING ASSET Definition

Bookmark and Share

PERFORMING ASSET is an asset that provides a dependable annual financial return; for example, production machinery or, in transportation, an airliner.

Learn new Accounting Terms

SHARE APPLICATION MONEY is that money received by a company during an IPO. Payments received for a subscription of stock is normally received over the IPO life. For example: Widgets Limited has been registered with an authorized capital of $2,00,000 divided into 2,000 shares of $100 each of which, 1,000 shares were offered for public subscription at a premium of $5 per share, payable as:

  • on application $10
  • on allotment $25 (including premium)
  • on first call $40
  • on final call $30

For a total of $105/share

The amounts received would be carried as a current liability until such time as the stock is issued, then it would be considered as part of equity.

KONVERTIBILNA PFENIGA is a currency of Bosnia & Herzegovina.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.