The profits of the last three years is55000,50000,45000. Value of goodwill of 2 yearspurchase of average profit is
A) 100000
B) 42000
C) 126000
D) None
Correct Answer:
Verified
Q12: Which factor affecting th value of Goodwill
A)Quality
Q13: The profits of the last three years
Q14: What do you mean by Super Profit
A)Average
Q15: The excess of Average profit over normal
Q16: The monetary value of reputation of business
Q18: Which methods of valuation of Goodwill
A)Super profits
B)Average
Q19: Goodwill is an intangible Assets
A)True
B)False
C)none
D)all
Q20: Goodwill be purchased
A)True
B)False
C)none
D)all
Q21: Goodwill will have no effect on business
Q22: What is Royalty?
A)A payment is made for
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