Multiple Choice
Goodwill is defined as
A) Intangible asset
B) Fictitious asset
C) Current asset
D) Current asset.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: When does need valuation of Goodwill<br>A)On retirement
Q12: Which methods of valuation of Goodwill<br>A)Super profits<br>B)Average
Q13: Mining Royalty is based on<br>A)Production<br>B)Sales<br>C)Purchase<br>D)Both A and
Q14: The excess of Average profit over normal
Q15: Goodwill will have no effect on business
Q17: If Average Profit of a certain firm
Q18: The profits of the last three years
Q19: Which methods of valuation of Goodwill<br>A)Super Profit<br>B)Capitalization<br>C)Average
Q20: If the amount of super profit is
Q21: Which goodwill is recorded in the books