Use the following information to answer this question
A business whose assets consisted of stock N15,000 and debtors N8,000 was bought by issuing 20,000 ordinary shares of N1 each at a premium of 20 percent.
The purchase consideration was
A.
N24,000
B.
N23,000
C.
N20,000
D.
N15,000
E.
N8,000
Correct Answer: Option A
Explanation
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