Accountancy, asked by u8p1652, 5 hours ago

Newfound Ltd took over business of old land Itd and paid for it by issue of 30,000, Equity Shares of 100 each at a par along with 6% Preference Shares of 1,00,00,000 at a premium of 5% and a cheque of 8,00,000. What was the total agreed purchase consideration payable to Old Land Itd.

Answers

Answered by Anonymous

Answer:

Newfound Ltd took over business of old land Itd and paid for it by issue of 30,000, Equity Shares of 100 each at a par along with 6% Preference Shares of 1,00,00,000 at a premium of 5% and a cheque of 8,00,000. What was the total agreed purchase consideration payable to Old

Explanation:

that is whole explanation

Answered by geetanjlishashi

question:

Newfound Ltd took over business of Old land ltd and paid for it by issue of 30,000, Equity Shares of ₹100 each at a par along with 6% Preference Shares of ₹1,00,00,000 at a premium of 5% and a cheque of ₹8,00,000. What was the total agreed purchase consideration payable to Old Land ltd. (A) ₹1,05,00,000. (B) ₹1,43,00,000. (C) ₹1,40,00,000. (D) ₹1,35,00,000.

Explanation:

Correct answer is: (B) ₹1,43,00,000.

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Newfound Ltd took over business of old land Itd and paid for it by issue of 30,000, Equity Shares of 100 each at a par along with 6% Preference Shares of 1,00,00,000 at a premium of 5% and a cheque of 8,00,000. What was the total agreed purchase consideration payable to Old Land Itd.​

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Newfound Ltd took over business of old land Itd and paid for it by issue of 30,000, Equity Shares of 100 each at a par along with 6% Preference Shares of 1,00,00,000 at a premium of 5% and a cheque of 8,00,000. What was the total agreed purchase consideration payable to Old Land Itd.