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JAMB Accounts Principles of Accounts 2015 Paper
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Question : 44
Total: 69
Which of the following cannot be realized?
creditors
debtors
motor vehicles
goodwill
Validate
Solution:
Good will being an intangible asset cannot be seen or touched and are just believed to exist goodwill can only be valued to be a certain amount, the realizable value becomes a difficult task.
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