|
₦ |
|
|
Plant and Machinery |
190000 |
|
Motor Vehicle |
170000 |
| Stock | 60000 |
|
Current Liabilities |
50000 |
|
Purchase consideration |
40000 |
The goodwill is?
- ₦110,000
-
₦30,000
- ₦90,000
- ₦80,000
The correct answer is: B
Explanation
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