Question

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

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Answer 1

Answer:

Equity shares + preference shares + premium on preference shares + bank cheques = Purchase consideration

30,00,000 + 1,05,00,000 + 8,00,000

= 1,43,00,000

Option B is correct.

Step-by-step explanation:

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Answer 2

option b is correct.

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