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Question Two Ramsy Ltd, agrees to purchase the business of Kristy Ltd., on the following terms: 1) Discharge the 7% debentures at a premium of

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Question Two Ramsy Ltd, agrees to purchase the business of Kristy Ltd., on the following terms: 1) Discharge the 7% debentures at a premium of 10% by issuing 9% debentures of Ramsy Ltd. 2) Preference shares are discharged at a premium of 10% by issuing 15% Preference Shares of N100 each in Ramsy Ltd. 3) For every 2 ordinary shares in Kristy Ltd, 3 ordinary shares of N10 each will be issued, in addition to cash payment of N3 per share. The Eauity side of Kristy SOFP showed: Calculate purchase consideration under Net Payments Method

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