If 30% of the purchase consideration was in cash and the rest by 50k shares, how many shares issued?
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
Answer is D
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