If assets of Rs.60,000 are purchased and shares of Rs.10 each are iss – McqOptions

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1.	If assets of Rs.60,000 are purchased and shares of Rs.10 each are issued at a premium of 20%, the no. of shares to be issued is _____?
A.	5,000
B.	60,000
C.	6,000
D.	50,000
Answer» B. 60,000

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