Accounts - Principles of Accounts
JAMB 2001
Given:
N N
Capital 200,000 total assets 210,000
Liabilities 10,000
210,000 210,000
If the business is purchased at a price including a goodwill of N 20,000, what must have been the purchas price?
-
A.
N190,000
-
B.
N210,000
-
C.
N220,000
-
D.
N230,000
Correct Answer: Option D
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