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Forum -> DISCUSS ANYTHING & EVERYTHING: Money, Dating, Health, Internet, Legal, Jobs, People, Places and more -> STUDIES -> Fundamentals of accounting ii
Post Info TOPIC: Fundamentals of accounting ii
GEOFFREY- S- MAMATI


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Fundamentals of accounting ii
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Question-

Profits for xyz company for last 5years was under

1985............Sh250,000

1986...........Sh340,000

1987............Sh385,000

1988.............Sh460,000

1989..............Sh525,000

Required :

Calculate the value of goodwill on the basis of 3years purchase of average profit of last 5years after deducting Sh300,000 and interest on capital Sh160,000 for the last 5years

 



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Forum -> DISCUSS ANYTHING & EVERYTHING: Money, Dating, Health, Internet, Legal, Jobs, People, Places and more -> STUDIES -> Fundamentals of accounting ii
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