Use the following information to answer this question
| Year | ₦ |
| 1991 1992 1993 1994 |
14,000 24,000 10,000 16,000 |
It has been decided to value goodwill at 2 years purchase of average profit for the past 4 years. The value of goodwill is
a
32,000
b
16000
c
30000
d
64,000
Explanation
Correct Option
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Discussions (2)
nifee
4 years ago
The solution to the question showed #16,000 as the answer how come the answer chosen was #32,000
