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General Accounting Discussions: Treatment of Asset Transferred

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    I will like to know how well this should be traeted, whether as a premium or as a reserve.

    Where a company commenced activities with free assets given by another company that was wound up.

    shares were alloted to the new shareholders, i will like to know how the excess of the value of the assets over the nominal value of the shares (issued share capital of the business) should be traeted.

    For exaample: total value of all assets transferred to the new company is worth 40 million and the nominal value of the company as at the same date is 10 million, how do u traet the difference, a reserve or a share premium?

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