When a purchase business is revalued the effect... - JAMB Accounting 2000 Question
When a purchase business is revalued, the effect is that?
A
a decrease in the value of asset has no effect on value of goodwill
B
an increase in the value of asset is treated as an increase in the value of goodwill
C
a decrease in the value of asset is treated as an decrease in the value of goodwil
D
an increase in the value of asset is treated as an decrease in the value of goodwill
correct option: d
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