When a purchase business is revalued, the effect is that?
FINANCIAL
JAMB 2000
When a purchase business is revalued, the effect is that?
- A. a decrease in the value of asset has no effect on value of goodwill
- B. an increase in the value of asset is treated as an increase in the value of goodwill
- C. a decrease in the value of asset is treated as an decrease in the value of goodwil
- D. an increase in the value of asset is treated as an decrease in the value of goodwill
Correct Answer: D. an increase in the value of asset is treated as an decrease in the value of goodwill
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