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The profits for Year I are Rs 4,000; for Year 1l is Rs.52,200, and for Year Ill is Rs. 62,400. Closing stock for Year
The profits for Year I are Rs 4,000; for Year 1l is Rs.52,200, and for Year Ill is Rs. 62,400. Closing stock for Year 11 and Year Ill includes the defective items of Rs. 4,400 and Rs. 12,400 respectively which were considered as having market value NIL. The value of goodwill on average profit method is_ A Rs. 47,400 B C D Rs. 35,400 Rs. 27,400 Rs. 34,600
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
