star automobile limited took over assets of 470000 and liabilities of 80000 of y limited for 440000 purchase consideration was payable by issuing shares of rupee 100 each at 10% premium. what will be the face value of shares issued??
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Answer:
4000 shares
Explanation:
Assets 470,000
- Liabilities 80,000
Value of the company 390,000
Purchase consideration 440,000
- Value of the company 390,000
Good will 50,000
Shares to be issues - 440,000/110
= 4,000 shares
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