The purchasing company Janma Ltd agrees to issue two shares of Rs. 10 each, Rs. 75 paid up for every three shares in the vendor company Jay Ltd. Jay Ltd has Rs. 6,00,000 paid up capital of Rs. 100 each, Rs. 50 paid up. Calculate the number of shares and amount to be paid by purchasing company as purchase consideration

The purchasing company Janma Ltd agrees to issue two shares of Rs. 10 each, Rs. 75 paid up for every three shares in the vendor company Jay Ltd. Jay Ltd has Rs. 6,00,000 paid up capital of Rs. 100 each, Rs. 50 paid up. Calculate the number of shares and amount to be paid by purchasing company as purchase consideration

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 1MC

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