Post Utme Rhema University 2020 Commerce Question 14
Practice objective / multiple choice question 14 from the 2020 Post Utme Rhema University Commerce examination.
A sole trader is selling a business to a limited company. The sole trader has assets worth ₦1 million and liabilities of ₦500,000. The limited company is willing to pay ₦1.2 million for the business. What is the profit that the sole trader will make from the sale?
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About This Question
This is Post Utme Rhema University 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Rhema University Commerce examination.
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