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The amount for which a business is sold is that

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Accounts - Principles of Accounts WAEC 2010

The amount for which a business is sold is that

  • goodwill
  • cosiderated fund
  • purchase
  • considerations checkmark
  • capital reserve

The correct answer is: D

Explanation

Consideration is a payment made by one party to another in exchange for the transfer of something of value. It must be of value to both parties entering into a transaction.

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