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Question

G Ltd. acquired assets worth Rs. 7,50,000 from H Ltd. by issue of shares of Rs. 100 at a premium of 25%. The number of shares to be issued by G Ltd. to settle the purchased consideration will be _____________.

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
5,625 shares
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Solution

The correct option is B 6,000 shares
7,50,000 issues of shares of Rs. 100 at a premium of 25% = 100 +25% = 125 of premium
Issue of share of 7,50,00 /125 = 6,000 shares

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