The purchase consideration that is lower than the net ass...
The purchase consideration that is lower than the net asset implies that, the buyer has gained the advantage of
Net income
Revenue reserve
Capital reserve
Net loss
Correct answer is C
Capital reserve is derived from the accumulated capital surplus of a company, created out of capital profit.
Which of the following entries would be made for goods bought and paid for immediately? Debit ...
Manufacturing account is prepared to determine the ...
Which of the following bases of accounting does not make allowance for depreciation? ...
\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ &a...
A statement that measures the performance of a business over a period of time is the ...
Depreciation of assets is provided for provided for in consideration of ...
What type of stock valuation would a vegetable seller adopt in valuing it's product? ...