Determine the amount of goodwill?

Determine the amount of goodwill?

₦ Plant and Machinery 190000  Motor Vehicle 170000  Stock 60000  Current Liabilities 50000  Purchase consideration 400000   A. ₦110 000 B. ₦ 80 000 C. ₦ 90 000 D. ₦ 30 000 Correct Answer: Option D – ₦ 30 000 Explanation Assets  ₦ Plant and Machinery 190000 ...
Determine the amount of goodwill?

Determine the net profit?

₦ Stock Jan 1 2600  Purchases 4000  Carriage inwards 500  Sales 9000  Carriage outwards 500   A. ₦4,000 B. ₦4,500 C. ₦5,000 D. ₦1,400 Correct Answer: Option D –...

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