A business whose assets consisted of stock N15,000 and de...
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
N4,000
N3,000
N2,000
N1,600
N1,000
Correct answer is E
No explanation has been provided for this answer.
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