Question

Net Assets of Raj Co. for Purchase Consideration worth Rs. 2,00,000. At the time of absorption, the company has paid 16,000 equity shares each of Rs.10 each at 10% premium, then remaining cash will be -​

Answer 1

Given : Net Assets of Raj Co. for Purchase Consideration worth Rs. 2,00,000.

At the time of absorption, the company has paid 16,000 equity shares each of Rs.10 each at 10% premium,

To Find :   remaining cash will be

Solution:

Equity Shares = 16,000

Share Value = Rs 10

10 % premium

Market price = 10 + (10/100)10  = Rs 11

Value of 16000 shares = 16,000 x 11 =  1,76,000

remaining cash = 2,00,000 - 1,76,000

= 24,000

remaining cash will be = Rs 24,000

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