Accountancy, asked by rahulmerala02345, 3 months ago

A company have .80,000 Equity shares of Rs. 10 each, the company wants to buy back 20% of its Equity capital at 10% premium so Rs. __________ is buyback amount.

Answers

Answered by negivandna

2

Answer:

Premium :- 80000 × 10/100 = 8000

Total amt. = 80000 + 8000 = 88000

Buy back amt. = 88000 × 20 / 100 = 17600 ( answer).

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