Question on: WAEC Accounting - 1997
Use the following information to answer this question
A business whose assets consisted of stock N15,000 and debtors N8,000 was bought by issuing 20,000 ordinary shares of N1 each at a premium of 20 percent.
The amount of goodwill was
A business whose assets consisted of stock N15,000 and debtors N8,000 was bought by issuing 20,000 ordinary shares of N1 each at a premium of 20 percent.
The amount of goodwill was
A
N4,000
B
N3,000
C
N2,000
D
N1,6000
Ask EduPadi AI for a detailed answer
Correct Option: E
Add your answer
Please share this, thanks!
No responses