menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 6: Valuation and Calculation of Goodwill
  5. Question
    When Does Need Valuation of Goodwill
Solved

When Does Need Valuation of Goodwill

Question 11

Question 11

Multiple Choice

When does need valuation of Goodwill


A) On retirement or Death of a partner
B) Admission of Partner
C) None of the Above
D) Both

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q6: From the profits of previous three years,

Q7: The monetary value of reputation of business

Q8: A firm earns ?1,00,000. The normal rate

Q9: Goodwill is an intangible Assets<br>A)True<br>B)False<br>C)none<br>D)all

Q10: Goodwill be purchased<br>A)True<br>B)False<br>C)none<br>D)all

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

Q16: Goodwill is defined as<br>A)Intangible asset<br>B)Fictitious asset<br>C)Current asset<br>D)Current

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines