A business is required at par when the
AccountsJAMB UTME
Question
A business is required at par when the
Options
A)
purchase consideration equals goodwill
B)
purchase consideration equals net value
C)
purchase consideration is greater than the net value
D)
net assets is greater than the liabilitties
The correct answer is B.
Explanation:
At par means at equality. Two currencies are said to be "at par" if they are trading one-for-one. A business is required at par when the purchase consideration equals net value.
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When purchase consideration equals good will
At par means at equality. Two currencies are said to be "at par" if they are trading one-for-one. A business is required at par when the purchase consideration equals net value.