Goodwill is to be calculated at one and a half years purchase of average profit for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Goodwill is to be calculated at one and a half years purchase of average profit for the last 5 years. The firm earned the profit during the first 3 years as, Rs. 20,000, Rs. 18,000 and 2,000 and 5,000 in last 2 years, goodwill amount will be: A B C D Rs. 12,000 Rs. 10,000 Rs. 15,000 None of the above Goodwill is to be calculated at one and a half years purchase of average profit for the last 5 years. The firm earned the profit during the first 3 years as, Rs. 20,000, Rs. 18,000 and 2,000 and 5,000 in last 2 years, goodwill amount will be: A B C D Rs. 12,000 Rs. 10,000 Rs. 15,000 None of the above
Expert Answer:
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Posted Date:
Students also viewed these banking questions
-
If the production conditions in the United States and Japan were to become essentially the same, would the neoclassical model suggest that trade between the two countries would cease? Why or why not?
-
The rise of globalization is due to the many companies that have become multinational corporations for various reasons-for example, to access better technology, to enter new markets, to obtain more...
-
Many if not most schools in the United States have large excess capacity cost, because they are underutilized in the summer months. The dean at the local business school is developing a cost of...
-
Your geothermal heat pump is used to heat your house in the winter. The heat pump is operated as a vapor-compression cycle. The design is such that there must be a 10 degree temperature difference...
-
List five brand names and indicate what product is associated with the brand name. Evaluate the strengths and weaknesses of the brand name.
-
Evidence from audit research shows that the anchoring and adjustment heuristic occurs when auditors begin their audit of a financial statement account assertions by first obtaining the unaudited...
-
When to use a settlement brochure?
-
Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them byletter. 2,000 12,000 Work in...
-
Provide a brief review of the following research paper: https://www.sciencedirect.com/science/article/abs/pii/S1566014120301072
-
Katie Scarlett is analyzing the 15-unit apartment building for a client for possible purchase. She expanded her analysis from just the DCF (Income) to include the Direct Cap (Income), the Cost and...
-
Thomas Panzermotor suffered injury following an accident on Sydney's light rail and is considering filing suit againstTransport NSW for both negligence and related mental harm due to those injuries....
-
Solve the system by substitution. y = -7x-3 5x + 4y = -35
-
V Simplify.. 52 X 3 Write your answer without parentheses. 1
-
imagine that the managing director of the International Monetary Fund (IMF) hires you. Your job is to ensure that there is financial stability among the international community. Your essay should...
-
Suppose that BYOB charges $ 2 . 0 0 per can. Your friend Gilberto says that since BYOB is a monopoly with market power, it should charge a higher price of $ 2 . 2 5 per can because this will increase...
-
An engineer is tasked with measuring the height of a wall using a centimeter ruler. The engineer realizes that the height fluctuates by several micrometers at different positions along its length....
-
If Maker is considered to be a self-sustaining foreign subsidiary (i.e., the functional currency of the foreign operation is different than the parent), what amount will be shown for capital assets...
-
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
-
We know the standard means of cutting the high cost of driving our automobiles-slow down your speed, no jack rabbit starts, inflate tires properly, clean air filters regularly, and so on. Another way...
-
Four proposals are under consideration by your company. Proposals A and C are mutually exclusive; proposals B and D are mutually exclusive and cannot be implemented unless proposal A or C has been...
-
A concrete and rock crusher for demolition work has been purchased for $60,000, and it has an estimated SV of $10,000 at the end of its five-year life. Engineers have estimated that the following...
-
Discuss some of the special considerations involved in the audit of investments in group entities.
-
Joplin Ltds financial year ends on 30 June 20X1 and the companys auditor, Hagan and Partners, conducts the annual audit during July and August. Hagan and Partners has prepared auditing procedures for...
-
What is a solicitors representation letter? What effect might the failure of a solicitor to respond to a request for representation have on the auditors report?
Study smarter with the SolutionInn App