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Brokerage & GST

G Ltd. Acquir...

Question

G Ltd. Acquired assets worth Rs. $75, 000$ from H Ltd. By issue of share of Rs. $10$ at a premium of Rs. $5$ . The number of shares to be issued by G Ltd. To settle the purchase consideration _________.

A

6, 000

shares

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B

7, 500

shares

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C

9, 375

shares

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D

5, 000

shares

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Solution

The correct option is D $5, 000$ shares
Worth of the Assets = 75,000
Share issue price = 10+5 = 15
Number of shares to be issued = 75,000/15 = 5000 shares.

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