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. The purchase consideration was

By: |Published on: Jun 5|Categories: Accounting WAEC| 0 comments

A. N31,500
B. N30,000
C. N28,500
D. N28,000

Correct Answer: Option C

C. N28,500

Users Also Read These:

SEE ALSO  One of the purposes of maintaining the account of a branch at the head office is to?

Copyright warnings! Do not copy.