Search SchoolNGR

Wednesday, 08 April 2026
Register . Login

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

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?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N1080 000
  • B N2 160 000
  • C N3 600 000
  • D N5 040 000
Correct Answer: Option D
Explanation:

Share question on: