For the purpose of conversion of a partnership to a compa...
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?
N1,080,000
N2,160,000
N3,600,000
N5,040,000
Correct answer is D
No explanation has been provided for this answer.
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