Omega Limited, a listed company acquires assets worth ₹7,50,000 from Alpha Limited and issue shares of ₹10 each at a premium of 25%. The number of shares to be issued by Omega Ltd., to settle the purchase consideration w
CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
Omega Limited, a listed company acquires assets worth ₹7,50,000 from Alpha Limited and issue shares of ₹10 each at a premium of 25%. The number of shares to be issued by Omega Ltd., to settle the purchase consideration will be —
Answer & Explanation:
Correct Answer: Option (A)
Correct answer: (A) 60,000. Issue price = 10×1.25 = 12.50; shares issued = 7,50,000/12.50 = 60,000.
Topics: Fundamentals of Accounting
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