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Newfound Ltd Took Over Business of Old Land Ltd and Paid For it By Issue of 30,000, Equity Shares of ₹100 Each at a Par Along with 6% - Bzziii.com

Newfound Ltd took over business of Old land ltd and paid for it by issue of 30,000, Equity Shares of ₹100 each at a par along with 6% Preference Share

Newfound Ltd took over business of Old land ltd and paid for it by issue of 30,000, Equity Shares of ₹100 each at a par along with 6% Preference Shares of ₹1,00,00,000 at a premium of 5% and a cheque of ₹8,00,000. What was the total agreed purchase consideration payable to Old Land ltd.

(A) ₹1,05,00,000.

(B) ₹1,43,00,000.

(D) ₹1,35,00,000.

(B) ₹1,43,00,000.

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akshay @123 October 19, 2021 at 8:04 AM

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1. bzziii October 19, 2021 at 9:07 AM
  
  Thank you so much dear, :). Keep Learning! - Team Bzziii

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Newfound Ltd Took Over Business of Old Land Ltd and Paid For it By Issue of 30,000, Equity Shares of ₹100 Each at a Par Along with 6% - Bzziii.com

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