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For the purpose of conversion of a partnership to a company, a total purchase co...


Question

For the purpose of conversion of a partnership to a company, a total purchase consideration of ₦3.6m was paid. If 30% of the purchase consideration was in cash and the rest by 50k shares, how many shares issued?

Options

A)
₦1080 000
B)
₦2 160 000
C)
₦3 600 000
D)
₦5 040 000

The correct answer is D.


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