XYZ Enterprises bought ABC Enterprises by issui... - WAEC Accounting 2000 Question
XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of N1 each at a discount of 5%. The assets of ABC Enterprises are stock N18,000. Debtors N11,000. Capital reserve was
A
N1,500
B
N1,000
C
N500
D
N150
correct option: c
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