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Use the following information to answer this question A business whose assets consisted ...

Use the following information to answer this question
A business whose assets consisted of stock N15,000 and debtors N8,000 was bought by issuing 20,000 ordinary shares of N1 each at a premium of 20 percent.
The amount of goodwill was
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  • A N4,000
  • B N3,000
  • C N2,000
  • D N1,6000
  • E N1,000
Correct Answer: Option E
Explanation:

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