XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of N1 each at a discount of 5%. The assets of ABC Enterprises are stock N18,000. Debtors N11,000. The purchase consideration was

  • A N31,500
  • B N30,000
  • C N28,500
  • D N28,000

The correct answer is C. N28,500

No explanation given
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