Pradeep Ltd. has taken over the business of Mr. Sandeep and agreed to pay the purchase price

Question:

Pradeep Ltd. has taken over the business of Mr. Sandeep and agreed to pay the purchase price as given below:

(a) 2,800 shares of ₹50 each fully paid at ₹60 per share.

(b) ₹25,000 in 8% preference shares of ₹100 each issued at premium of 25%.

You are required to compute the amount of purchase consideration payable to Mr. Sandeep.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

See More Books

Question Posted: Aug 31, 2023 12:11 PM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
A company was incorporated on 1st July, 2016 to take over the business of Mr M as and from 1st April, 2016. Mr Ms Balance Sheet as at that date was as under: Debtors and Bank balances are to be...
Integrate using an appropriate formula For each problem, state the formula number, u and du, identify any constants (if appropriate), and show any constant "adjustments" / "Multiply by 1" if needed....
The Internal Revenue Service provides information on a variety of tax issues in its publication series. These publications can be found on the IRS Web site (www.irs.gov/formspubs/index.html). Go to...
The beginning inventory at Matt Meyer Office Supplies and data on purchases and sales for a two-month period are as follows: Instructions 1. Record the inventory, purchases, and cost of goods sold...
The cross section of a copper strip is \(1.0 \mathrm{~mm}\) thick and \(20 \mathrm{~mm}\) wide. There is a 10-A current through this cross section, with the charge carriers traveling down the length...
Royal Resort and Casino (RRC), a publicly traded company, caters to affluent customers seeking plush surroundings, high- quality food and entertainment, and all the glitz associated with the best...
a) A real estate contract is a contract between parties for the purchase and sale, exchange, or other conveyance of real estate. The sale of land is governed by the laws and practices of the...
What do you mean by acquisition of business?
Amount needed after 5 years for debenture redemption: 60,00,000. Rate of interest on investments expected: 5% Annual investment needed to get 15 after 5 years: 2.71462. Ascertain the annual transfer...
What are the front ratio and back ratio, and how do they differ?
Change the public interface of the circuit class of Exercise E3.4 so that it has the following methods: Provide an implementation using only language features that have been introduced. The...
Write a program Lottery Printer that picks a combination in a lottery. In this lottery, players can choose 6 numbers (possibly repeated) between 1 and 49. Construct an object of the Random class (see...
You can read the value instance variable of the Counter class with the getValue acces sor method. Should there be a setValue mutator method to change it? Explain why or why not.
Implement a class Balloon. A balloon starts out with radius 0. Supply a method: that returns the current volume of the balloon. Use Math.PI for the value of . To compute the cube of a value r, just...
How would you modify the Car class in order to show cars of varying sizes?
How is the present value of a single sum related to the present value of an annuity?
Ball bearings are widely used in industrial applications. You work for an industrial food machinery manufacturer and your role is to design the driveshaft assembly on a new type of equipment that...
The Balance Sheet of Ananda Ltd as on 31st March, 2017 is given below : You are required to show: (a) Necessary Journal Entries to record the above transactions (including cash); (b) The Balance...
The books of S.B. Ltd showed the following balances on 31st December, 2016: 30,000 Equity Shares of ~ 10 each fully paid; 18,000 12% Redeemable Preference Shares of ~ 10 each fully paid; 4,000 10%...
Exchange Limited has an issued Share Capital of 650 7% Redeemable Preference Shares of ~ 100 each and 4,500 Equity Shares of ~ 50 each. The Preference Shares are redeemable at a premium of 10% on...
Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities Cash Flows from Investing Activities Net...
A company budgets sales for the next three months as follows. The company's sales are 40% for cash and 60% on credit. All credit sales are fully collected in the month after the sale. Total sales...
Dynamic - Problem and answer changes with each attempt (consider an Excel solution) Farm Supply is located in a small town on the coast of California. Data regarding the store's operations follow:...

Pradeep Ltd. has taken over the business of Mr. Sandeep and agreed to pay the purchase price

Question:

Step by Step Answer:

To compute the total purchase consideration payable to Mr Sandeep you need to calculate the value of ...View the full answer

Corporate Accounting

Students also viewed these Business questions