A company with total assets amounting to Rs. 15,00,000 (including Goodwill Rs. 1,50,000 discount on issue of shares Rs. 2,00,000 and accumulated loss Rs. 2,00,000) and the total liabilities amounting to Rs. 2,20,000 (including a contingent liability of Rs. 40,000) has been taken over by a new company for a purchase consideration of Rs. 11,50,000. the Goodwill a/c in the vendee company's books will appear at:
A. Rs. 90,000
B. Rs. 1,50,000
C. Rs. 4,20,000
D. Rs. 2,40,000
Answer: Option C
This Question Belongs to Commerce >> Accounting
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