A. Cash account
B. purchase account
C. goodwill account
D. sales account
Correct Answer:
Option C – goodwill account
Explanation
Goodwill is the excess of purchase consideration over the total value of the business
A. Cash account
B. purchase account
C. goodwill account
D. sales account
Correct Answer:
Option C – goodwill account
Explanation
Goodwill is the excess of purchase consideration over the total value of the business
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