Goodwill is to be valued at three year's of average profit Profit for past four years ending on 31st March of the firm were 2015 R$12,000 2016 Rs18, 000 2017 Rs16, 000, 2018 Rs 14,000 Calculate amount of Goodwill Goodwill is to be valued at three year's of average profit Profit for past four years...

Step 1 calculation of average pr ...

Goodwill is to be valued at three year's of average profit. Profit for past four years...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

See More Books

Posted Date: Jan 12, 2021 10:05 AM

See More Questions

The Financial Accounting Standards Board developed a conceptual framework to provide guidance in the development of financial accounting standards. Required Identify the primary components of the...
The new revenue recognition standard issued by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) will call for major changes in the way companies in...
The Financial Accounting Standards Board requires companies to supplement their consolidated financial statements with disclosures about segments of their businesses. To comply with this standard,...
Samson Tile produces its product in two processing departments: Forming and Finishing. The following T-account shows the Forming Department's Work in Process Inventory at August 31 prior to...
How many grams of aluminum are required to react with 15.00 g of chromium(III) oxide by the Goldschmidt process for the production of chromium metal?
1. What is the total annual cost of the present ordering policy for part number 650810/ss/R9/o? 2. What would be the lot size for part number 650810/ss/R9/o if FabQual were to use an economic order...
While the electromagnetic interaction between the photons and the charged electrons and positrons kept them in equilibrium with each other during the early universe, show that the direct...
Multiple Choice. Choose the best answer. 1. Which of the following would not be considered a general long-term liability? a. The estimated liability to clean up the fuel and hazard waste storage...
Inflation Bonds (I Bonds) are safe investments issued by the U.S. Treasury to protect individual's money from loosing value due to inflation. Interest rates on I Bonds are adjusted regularly to keep...
Allen Blay owns 100% of the stock in AB Corporation, organized ten years ago in California. AB operates a foreign branch in Country A. In the current year, AB reports $500,000 of taxable income from...
Ch. 6 Discussion The goal of this discussion is to apply what you have learned while reading the chapter material and reviewing the PowerPoint presentation. Keep in mind that this discussion question...
Flychucker SA is evaluating an extra dividend versus a share repurchase. In either case 5,000 would be spent. Current earnings are 0.95 per share, and the equity currently sells for 40 per share....
You have observed the following prices for British Auto, the luxury car maker, for a number of years. Jan 2006: 26.87; Jan 2007: 35.19; Jan 2008: 32.17; Jan 2009: 37.23; Jan 2010: 46.84; Jan 2011:...
In Problem 15, suppose the average inflation rate over this period was 4.2 per cent and the average T-bill rate over the period was 5.1 per cent. (a) What was the average real return on British Autos...
Suppose the returns on your company are normally distributed. The historical average share price return for your firm is 5.8 per cent with a standard deviation of 9.3 per cent. What is the...
Worthington AG has declared an annual dividend of 1.50 Swiss Francs (SFr) per share. For the year just ended, earnings were SFr14 per share. (a) What is Worthingtons payout ratio? (b) Suppose...
Zudo Furniture produces living room sets in its three factories, and then ships the sets to two depots. Then, these sets are shipped from depots to three stores. The network model of this supply...
Flicker, Inc., a closely held corporation, acquired a passive activity this year. Gross income from operations of the activity was $160,000. Operating expenses, not including depreciation, were...
Why do accountants close revenue and expense accounts prior to preparing the financial statements?
Suppose that you are an employee of the loan department of Metropolitan Bank, and one of your primary tasks is analyzing information provided by organizations applying for commercial loans. Most...
What are the two primary purposes of internal controls?
What is the amount of cost of goods sold under variable costing? a. $220,000. b. $161,000. c. $154,000. d. $230,000.
When comparing Kelleys absorption costing net operating income to its variable costing net operating income, which of the following will be true? a. Its absorption costing net operating income will...
Dexter Corporation produces and sells a single product, a wooden hand loom for weaving small items such as scarves. Selected cost and operating data relating to the product for two years are given...

Goodwill is to be valued at three year's of average profit. Profit for past four years...

Question:

Expert Answer:

Step 1 calculation of average pr... View the full answer

Financial Accounting Information For Decisions

Students also viewed these accounting questions