Calculate the amount of purchase consideration from the following:
The purchasing company agreed to issue 15,000 equity shares of Rs.10 each valued at Rs.12
each, 6000, 6% Debentures of Rs.10 each at a discount of 5% pay cash equal to 10% of face
value of Shares and Debentures issued. The company also agreed to meet dissolution expenses
of Rs.2500
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Explanation:
The purchasing company agreed
to issue a 15,000 equity shares of rupees 10each valued at rupees 12 each, 6000 ,6%
debentures of rupees 10 each at a discount of 5%, pay cash equal to 10% of face value of shares and debentures issued
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