Goodwill of the firm is valued at 3 years purchase of the average profits of last 5

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Goodwill of the firm is valued at 3 years purchase of the average profits of last 5 years. The total profits for the last 5 years are rupees 50000 calculate goodwill of the firm.

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Accounting Theory Conceptual Issues in a Political and Economic Environment

ISBN: 978-1412991698

8th edition

Authors: Harry Wolk, James Dodd, John Rozycki

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Posted Date: Mar 10, 2020 04:00 AM

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Goodwill of the firm is valued at 3 years purchase of the average profits of last 5

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Total profitsRupees 50... View the full answer

Accounting Theory Conceptual Issues in a Political and Economic Environment

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