Multiple Choice
If the amount of super profit is negative ,what des it indicate
A) There is no goodwill
B) There is average goodwill
C) Both
D) None
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Goodwill will have no effect on business
Q16: Goodwill is defined as<br>A)Intangible asset<br>B)Fictitious asset<br>C)Current asset<br>D)Current
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
Q21: Which goodwill is recorded in the books
Q22: Copyright royalty is based on<br>A)Sales<br>B)Production<br>C)Purchase<br>D)Both A and
Q23: From the profits of previous three years,
Q24: What do you mean by Super Profit<br>A)Average
Q25: Which factor affecting th value of Goodwill<br>A)Quality