Sunrise Ltd. Took over business of Moonlight Ltd. and paid for it by issue of 30,000 equity shares of Rs. 100 each at a par along with 6% Preference Shares of 1,00,00,000 at a premium of 5% and a cheque of Rs. 8,00,000. What was the total agreed purchase consideration payable to Moonlight Ltd.
(a) Rs. 1,05,00,000
(b) Rs. 1,43,00,000
(c) Rs. 1,40,00,000
(d) Rs. 1,35,00,000
Please give me the Proper Explaination of this Question (-_-)
Answers
correct option is "b".
as all these are paid for purchase construction all them all to find total value of purchase construction.
Given,
Equity shares= 30,000
Amount of each share= ₹100
6% Preference Shares of 1,00,00,000 at a premium of 5% and a cheque of ₹ 8,00,000.
To find,
The total agreed on purchase consideration is payable to Moonlight Ltd.
Solution,
We can simply solve this numerical problem by using the following process.
We know that,
∴ Total purchase considerations = Equity share + Premium + 6% preference share + cheque
⇒Total purchase considerations = (30,000*100)+ (5% of 1,00,00,000)+ (1,00,00,000) + 8,00,000
= ₹(30,00,000+ 5,00,000 + 1,00,00,000 +8,00,000)
= ₹ 1,43,00,000
Thus, the total agreed on purchase consideration payable to Moonlight Ltd. is ₹ 1,43,00,000. (Option b)