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  • Accounting & Finance for Bankers - 1 (JAIIB)
  • X Ltd. acquired assets worth Rs. 7,50,000 from Y Ltd. by ...
Multiple choice

X Ltd. acquired assets worth Rs. 7,50,000 from Y Ltd. by issue of shares of Rs. 100 at premium of 25%. The number of shares to be issued by X Ltd. to settle the purchase consideration will be

  1. 6,000 shares

  2. 7,500 shares

  3. 9,375 shares

  4. 5,625 shares

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

7,25,000/125 = 6,000 shares

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