Question 17 The present value of a firm's anticipated excess earning is called: Not yet answered Marked out of 1.00 Goodwill Liability Capital Asset Flag question Question 18 Not yet answered According to profit and Loss Account, the net profit for the year is OMR 520,000. Salary of a partner is OMR 10,000 per month and the commission of another partner is OMR 20,000. The interest on drawings of partners is OMR 10,000. The net profit as per Profit and Loss Appropriation Account will be Marked out of 1.00 Flag question OMR 540,000(profit) OMR 390,000 (Loss) OMR 390,000 (profit) The two methods available for maintaini OMR 560,000 (profit) Question 19 Not yet ers are Question 19 The two methods available for maintaining capital accounts of partners are: Not yet answered Marked out of 1.00 Flag question Depreciation and appreciation Fluctuating and fixed Revaluation and realization Fixed and Marginal Question 20 Not yet In which of the following situations goodwill is valued? answered Marked out of 1.00 Flag question Death of a partner When a partner is admitted Change in profit sharing ratio All of the listed choices