The amount paid by the new partner on admission as a comp...
The amount paid by the new partner on admission as a compensation for the reputation built up by old partners is a
Bonus
Goodwill
Premium
Commission
Correct answer is B
Goodwill is the excess of the purchase consideration over the total value of an entity
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Share premium is classified in the balance sheet as ...
The internal users of accounting information are the ...
Closing stock was overstated. The effect is that ...
In the preparation of manufacturing accounts, prime cost plus factory overheads equal to cost of ...
Which of the following is found on the credit side of a partnership's appropriation of profit ac...
Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year h...