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On 31st March, 2019 the Balance Sheet of Laxmi Ltd. was as follows: Note Amount Particulars No. 1 2,00,000 I. Equity and Liab

2 2 1,00,000 (3) Non-Current Liabilities: Long-term Borrowings (4) Current Liabilities: Trade Payable Total II Assets Non-cur

compute the fair value of shares.?

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Net Asset Method Sundry Assets Less: Long-term Borrowings Trade Payable Net Assets available for equity shareholders 5,00,000

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