For the purpose of conversion of a partnership to a company, a total purchase consideration...
FINANCIAL
JAMB 2003
For the purpose of conversion of a partnership to a company, a total purchase consideration of N3.6m was paid. If 30% of the purchase consideration was in cash and the rest by 50k shares, how many shares issued?
- A. N1080 000
- B. N2 160 000
- C. N3 600 000
- D. N5 040 000
Correct Answer: D. N5 040 000
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