For the purpose of conversion of a partnership ... - JAMB Accounting 2003 Question
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 option: d
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