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The amount for which a business is sold is that

The amount for which a business is sold is that
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Goodwill
  • B Cosiderated fund
  • C Purchase
  • D Considerations
  • E Capital reserve
Correct Answer: Option 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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