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THIS ARE CORPORATE ACCOUNTING QUESTION'S
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The purchasing company Janma Ltd. agrees to issue two shares of Rs. 100 each, Rs. 75 paid up for every three shares in the vendor company Jay Ltd. Jay Ltd. has Rs. 6,00,000 paid up capital of Rs. 100 each, Rs. 50 paid up. Calculate the number of shares and amount to be paid by purchasing company as purchase consideration. By considering the following information find out the purchase consideration. 1) Assets taken over: Book value Rs. 15,00,000; Agreed value of assets Rs, 16, 70,000, ii) Liabilities taken over Rs.4. 20,000 Determine the number of shares to be issued by the purchasing company in the following case. Purchase consideration is Rs. 25,00,000. It is settled by 10% of the total purchase consideration in cash and balance in shares of Rs.10 each issued at Rs.15 per share. AB Ltd. taken over by CD Ltd. Book value of assets-- Rs.50,00,000; agreed value of assets-- Rs.51,50,000 and liabilities taken over at Rs.29.30.000.CD Ltd. issues 2,00,000 equity shares of Rs.10 each at par to the shareholders of AB Ltd for purchase consideration. Select the correct option. AB Ltd is taken over by CD Ltd. AB Ltd has 200,000 equity shares of Rs 10 each fully paid up. Assets and liabilities are taken over at book value by CD Itd at Rs 53,00,000 and Rs 30,00,000 respectively. CD Ltd issues 2,00,000 equity shares of Rs. 10 each at par and also pays Rs 2 per share of AB Ltd in cash to the shareholders of AB Ltd as purchase consideration. By considering the above information find out the correct option. A Ltd. took over B Ltd. and agreed to pay the following: i) 3 equity share of A Ltd. for every 5 equity shares of B Ltd. at Rs 12 per share. B Ltd. has 1,00,000 equity shares of Rs 10 each. ii) Rs 5 per share in cash. What will be the purchase consideration? Diya Ltd. Agreed to absorb Bati Ltd. As on 31st March, 2021. net assets of Diya Ltd. And Bati Ltd. Are Rs. 1,50,000 and Rs. 90,000 respectively. No of shares of Diya Ltd. Is 7500 and Bati Ltd. Is 6000. calculate the ratio of exchange of shares. Net asset of ABC Ltd, as purchase consideration is Rs. 2,00,000. At the time of absorption, the company has given 16,000 equity shares of Rs. 10% premium and balance in cash. The liquidator of a company has cash on hand of Rs. 5,75,000 after paying liabilities. The capital structure of the company is as under: 1) 10000 'A' Equity shares of Rs.100 each, Rs. 75 paid up 2) 8000 'B' Equity shares of Rs. 100 each, Rs. 70 paid up 3) 4000 'C' Equity shares of Rs. 50 each, Rs 35 paid up. The amount of capital deficiency is Net asset of ABC Ltd, as purchase consideration is Rs. 2,00,000. At the time of absorption, the company has given 16,000 equity shares of Rs. 10% premium and balance in cash. The liquidator of a company has cash on hand of Rs. 5,75,000 after paying liabilities. The capital structure of the company is as under: 1) 10000 'A' Equity shares of Rs.100 each, Rs. 75 paid up 2) 8000 'B' Equity shares of Rs. 100 each, Rs. 70 paid up 3) 4000 'C' Equity shares of Rs. 50 each, Rs 35 paid up. The amount of capital deficiency is After making payment to the debenture holders the liquidator has balance Rs. 1,29,030 on his hand. Unsecured creditors are Rs. 1,65.000. the liquidator is entitled to 2% commission on amount paid to unsecured creditors. Amount paid to unsecured creditors would be The capital structure of Star Ltd. consisted of 10,000,8% preference share of Rs. 100 each fully paid; 30,000 equity shares of Rs. 100 each fully paid; 7500, 9% debentures of Rs. 100 each. Shinestar Ltd. absorbed Star Ltd. with the following purchase consideration: 1) The equity share holders of Star Ltd. were to be allotted five shares of Shinestar Ltd. of Rs. 10 each at a market price of Rs. 12 per share for each share held. 2) The preference shareholders of Star Ltd. were to be allotted eight equity shares of Shinestar Ltd. of Rs. 10 each at a market price of Rs. 12 per share for each share held. 3) The debenture holders of Star Ltd. were to be allotted 10% debentures of Shinestar Ltd. in such a way that debenture holders get 20% premium. Calculate purchase consideration, Aastha Ltd.'s Balance sheet shows fixed assets Rs. 2,46,500. At the time of absorption, net assets calculated 15% less than the market value. The Market value of such fixed assets is The amount realised by the liquidator by sale of assets is Rs.3,00,000. The amount to be paid to the creditors Rs.3,40,000 including Rs.10,000 preferential creditors. The liquidator is entitled to a remuneration of 3% of assets realised and 2% on amount distributed to unsecured creditors including preferential. Calculate the percentage of amount paid to unsecured creditors to total unsecured creditors. From the following information find out the unsecured creditors: 1. The total legal expenses are Rs.1,00,000, which include the following: a) The liquidator's remuneration @ 2% of assets realised and 3% on the amount distributed to unsecured creditors (including preferential creditors) b) Liquidation expenses Rs. 76,400 2. Assets realised Rs. 10,00,000 3. The preferential creditors are 20% of unsecured creditors. Creditors of Rs 1,50.000 is not taken over by purchasing company and vendor company paid Rs 1,35,000 in full settlement. The purchasing company has not taken over machinery of Rs. 2,40.000, the vendor company realized for it Rs. 1,80,000 Calculate the net amount transferred to realisation account Unsecured creditors of a company were Rs. 3,80,000 and preferential creditors were Rs. 20,000. Liquidator has Rs. 2,04,400 after payment to preferential creditors. Liquidator's remuneration is fixed at 2% of the amount paid to unsecured creditors including preferential creditors. The amount of liquidator's remuneration is Book value of assets - Rs. 15,00,000; agreed value of assets Rs. 16, 70,000; liabilities taken over Rs.4, 20,000. Determine the number of shares to be issued by the purchasing company if the purchase consideration is settled by Rs. 4, 50,000 in cash and the balance by issue of equity shares of Rs. 10 each at par
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