JAMB - Accounts Principles Of Accounts (2024 - No. 26)

The amount paid by the buyer of a business which is sold as going concern is
purchase consideration
conversion fees
consolidation fees
premium fees

Explanation

Purchase consideration is the amount that's received by the vendor company (Seller) for the assets and liabilities takeover by the purchasing company in exchange for cash or in other forms, such as issuing shares or other securities.

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