Question

Gamma Ltd., took over a partnership firm by issuing 10,000 equity shares of * 10 each at
par, 5000, 13% preference share of 10 each at 10% premium, 700, 12% debentures of
100 each at 10% discount, and balance in cash. Gamma Ltd, took over net assets at
an agreed value of 2,50,000. Determine the amount of cash paid by Gamma Ltd.,
(a) 23,000 (b) *2,50,000 ) 32,000 (d) *2,18,000​

Answer 1

Answer:

The answer is 32000

Amount payable. = 250000

(-) equity share given = 100000

(10000×10)

(-) preference share given =55000

(5000×11).

(-) debenture issued =63000

(700×90).

balance in cash. =32000