Shares that are offered to existing shareholders at a price is called
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
Where there is no agreement made by the partners, the following provisions takes place except
In the absence of partnership agreement, a loan by a partner attracts interest at
In a non-profit making organisation, the excess of Assets over liabilities equals
