Multiple Choice
The profits of the last three years is 42000, 39000,45000. Value of goodwill of 2 years purchase of average profit is
A) 84000
B) 42000
C) 126000
D) None
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Weighted average method of calculating goodwill is
Q2: Patent Royalty is based on<br>A)Production<br>B)Sales<br>C)Purchase<br>D)Both A and
Q3: The total capital employed in the company
Q5: What is Royalty?<br>A)A payment is made for
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
Q11: When does need valuation of Goodwill<br>A)On retirement