Question: Hello brother, please help me .answer all questions.I will not forget your favour . please write the question number and answer code. Corporate accounting 1

Hello brother, please help me .answer all questions.I will not forget your favour .please write the question number and answer code.

Corporate accounting 1

 Hello brother, please help me .answer all questions.I will not forget
your favour .please write the question number and answer code. Corporate accounting
1 Question 18 Not yet answered Marked out of 1 P Flag
question If Goodwill is OMR 120,000, Average profit is OMR 60,000, Normal.

Question 18 Not yet answered Marked out of 1 P Flag question If Goodwill is OMR 120,000, Average profit is OMR 60,000, Normal. Rate of return is 10% on capital employed OMR 480,000. Calculate capitalized value of the firm. O a. OMR 700,000 O b. OMR 400,000 O c. OMR 500,000 O d. OMR 600,000 Question 19 Not yet answered Marked out of 1 P Flag question Manager is entitled to a commission of 10% of net profits after charging such commission. The firm's net profit during a year is OMR 11,000. The amount of manager's commission will be: O a. OMR 11,000 b. None of these are correct OC. OMR 1,100 O d. OMR 1,000 Question 20 Not yet answered Marked out of 1 P Flag question On the death of a partner, the amount due to him will be credited to: O a. His executor's account . O b. Remaining Partner's capital accounts O c. Government's revenue account O d. All Partner's Capital accounts Time left 0:43:54 Question 24 Answer saved Marked out of 1 P Flag question Which of the following is False about a partnership business? O a. Partnerships pay income taxes O b. A partnership is a voluntary association O c. Partners in general partnerships have unlimited liability O d. Partnerships have limited life

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!