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, ...

Answer Details

The total assets of the business including goodwill will be equal to the purchase price. Therefore, the purchase price can be calculated by adding the total assets to the goodwill: Purchase price = Total assets + Goodwill Purchase price = ₦210,000 + ₦20,000 Purchase price = ₦230,000 Therefore, the purchase price including goodwill would be ₦230,000.