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Omega Ltd. purchased assets of Alfa Ltd. for purchase consideration of Rs.60 lacs.  It was decided that the purchase consideration will be discharged by issue of 10% debentures of Rs.1,000 each at a premium of 20%.  The number of debentures issued will be ________
  • a)
    6,000
  • b)
    10,000
  • c)
    5,000
  • d)
    None of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Omega Ltd. purchased assets of Alfa Ltd. for purchase consideration of...
Calculation of Purchase Consideration:

The purchase consideration for the assets of Alfa Ltd. is Rs.60 lacs.

Discharge of Purchase Consideration:

The purchase consideration will be discharged by issuing 10% debentures of Rs.1,000 each at a premium of 20%.

Calculation of Premium:

The premium on debentures is 20% of the face value of debentures.

Premium = 20% of Rs.1,000 = Rs.200

Calculation of Amount of Debentures:

The amount of debentures to be issued can be calculated as follows:

Purchase consideration / (Face value + Premium) = Number of debentures

Rs.60,00,000 / (Rs.1,000 + Rs.200) = 5,000 debentures

Therefore, the number of debentures issued is 5,000.

Answer:

Option (c) 5,000 is the correct answer.
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Omega Ltd. purchased assets of Alfa Ltd. for purchase consideration of...
C
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Omega Ltd. purchased assets of Alfa Ltd. for purchase consideration of Rs.60 lacs. It was decided that the purchase consideration will be discharged by issue of 10% debentures of Rs.1,000 each at a premium of 20%. The number of debentures issued will be ________a)6,000b)10,000c)5,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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Omega Ltd. purchased assets of Alfa Ltd. for purchase consideration of Rs.60 lacs. It was decided that the purchase consideration will be discharged by issue of 10% debentures of Rs.1,000 each at a premium of 20%. The number of debentures issued will be ________a)6,000b)10,000c)5,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Omega Ltd. purchased assets of Alfa Ltd. for purchase consideration of Rs.60 lacs. It was decided that the purchase consideration will be discharged by issue of 10% debentures of Rs.1,000 each at a premium of 20%. The number of debentures issued will be ________a)6,000b)10,000c)5,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Omega Ltd. purchased assets of Alfa Ltd. for purchase consideration of Rs.60 lacs. It was decided that the purchase consideration will be discharged by issue of 10% debentures of Rs.1,000 each at a premium of 20%. The number of debentures issued will be ________a)6,000b)10,000c)5,000d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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