Taking the case of previous example if KXD incurred 30,000 as expenses in issuing equity shares pursuant
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Taking the case of previous example if KXD incurred ₹30,000 as expenses in issuing equity shares pursuant to business combination and it also incurred an additional expense ₹20,000 as liquidation expenses of DXK. Further to it KXD has legal depart which devoted a total time of one month to execute the exercise of business combination the estimated expenses of the department for one month are ₹40,000. Show how these costs are to be accounted for in the books of KXD.
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i The cost of share issue 30000 and liquidation expense 20000 should be r...View the full answer
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