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Question-2_(9 Marks). a)Do you think goodwill is required to value and show in the statement of financial Position (Balance sheet) of all type of business

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Question-2_(9 Marks). a)Do you think goodwill is required to value and show in the statement of financial Position (Balance sheet) of all type of business organizations. Yes/No Comment on this. (1mark) b) You are required to discuss the various factors that can give rise to goodwill of a business organizations. (2 marks) c) You are required to explain the various method for the valuation of goodwill of a Partnership business, also show in your answer at least one practical example for each valuation methods using imaginary figures. (6marks)

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