Use the following information to answer the question below
Mr White acquired Mr Black’s business for GH¢ 410,000. The total assets were GH¢ 670,000 and liabilities amounted to GH¢ 320,000.
How much was paid for goodwill?
A GH¢ 350,000
B GH¢ 260,000
C GH¢ 90,000
D GH¢ 60,000
Answer is D
