In the purchase of a business, a buyer has paid more than...
In the purchase of a business, a buyer has paid more than the value of the net assets of the business. The excess payment is referred to as
Bonus
Goodwill
Net profit
Premium
Correct answer is B
When buying or selling a business, goodwill represents the value of the business that is above and beyond the worth of separately identifiable tangible business assets. Unlike physical assets, like buildings or equipment, goodwill is an intangible asset.
Subscriptions received in advance are ...
The major sources of revenue for the state and local governments is ...
The major advantage of the journal proper is that it ...
Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions...
Carriage outwards is the amount spent on transporting ...
Which of the following is not on debtor's legal control account? ...