The capital employed in a company is Rs. 5,00,000. The normal rate of return is 20%. During
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The capital employed in a company is Rs. 5,00,000. The normal rate of return is 20%. During the last four years the actual returns wewre : 24 %, 26%, 28%, and 30% on capital. The goodwill of the company is taken at 4 years purchase of previous 4 years' average super normal profit. Find the goodwill.
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Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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