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 -
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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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