XYZ Enterprises bought ABC Enterprises by issuing 30,000 ...
XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of N1 each at a discount of 5%. The assets of ABC Enterprises are stock N18,000. Debtors N11,000. Capital reserve was
N1,500
N1,000
N500
N150
Correct answer is C
No explanation has been provided for this answer.
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