Practicing Success
TL Ltd. purchased assets of a book value of 99,000 from another firm. The purchase consideration was to be paid by issuing 11% Debentures of 100 each at a discount of 10%. The number of Debentures the company needs to issue will be: |
990 1000 900 1100 |
1100 |
No. of debentures issued = Purchase Consideration / Issue Price of a Debenture |