Given: N N Capital 200,000 total assets 210,000 Liabilities 10,000 210,000 210,000 If the business is purchased at a price including a goodwill of ₦20,000, ...

Assessment: JAMB UTME - Principles of Accounts - 2001 Subject: Financial Accounting

Question 1 Report

Given:

N N

Capital 200,000 total assets 210,000

Liabilities 10,000

210,000 210,000

If the business is purchased at a price including a goodwill of ₦20,000, what must have been the purchas price?

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