Mining Royalty is based on
A) Production
B) Sales
C) Purchase
D) Both A and B
Correct Answer:
Verified
Q15: The excess of Average profit over normal
Q16: The monetary value of reputation of business
Q17: The profits of the last three years
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
Q24: Patent Royalty is based on
A)Production
B)Sales
C)Purchase
D)Both A and
Q25: Copyright royalty is based on
A)Sales
B)Production
C)Purchase
D)Both A and
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