₦
Plant and Machinery
Motor Vehicle
Current Liabilities
Purchase consideration
The goodwill is?
₦110,000
₦30,000
₦90,000
₦80,000
Correct answer is B
Goodwill = Purchase consideration - value of assets Total value of assets = 190,000 + 170,000 + 60,000 - (50,000) = 370,000 Therefore, Goodwill = 400,000 - 370,000 = ₦30,000
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