Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X Ltd. purchased an automatic bottling machine from a vendor for Rs.165,000. The company allotted him equity shares at a premium of 10% instead
X Ltd. purchased an automatic bottling machine from a vendor for Rs.165,000. The company allotted him equity shares at a premium of 10% instead of paying him in cash. How many equity shares will be allotted to the vendor if the company allotted the shares at 10% discount?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Value of asset purchased Rs 165000 E...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started