Use the following information to answer the given question \(\begin{array}{c|c}year & profit \\ \hline 2003…

Accounts - Principles of Accounts WAEC 2007

Use the following information to answer the given question
\(\begin{array}{c|c}year & profit \\ \hline 2003 & Le 40,000\\ 2004 & Le 48,000\\ 2005 & Le 62,000\end{array}\)
The value of goodwill calculated at 3 years purchase of annual profit is

  • Le 450,000
  • Le 150,000
  • Le 50,000 checkmark
  • Le 48,000

The correct answer is: C

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment