Accounting JAMB

If a partner pays a premium of N500 for 1/5 share of profit; then the total value of goodwill is?
If a partner pays a premium of N500 for 1/5 share of profit; then the total value of goodwill is?If a partner pays a premium of N500 for 1/5 share of profit; then the total value of goodwill is?

A. N500
B. N2,000
C. N2,500
D. N3,000

Correct Answer:

Option A – N500

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4 years ago

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