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Solve quickly please Almahnad and Khalid profit sharing ratio is 4:2. Khalifa is newly admitted for 1/6th share. Abdullah brings OMR 45,000 Capital and goodwill
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Almahnad and Khalid profit sharing ratio is 4:2. Khalifa is newly admitted for 1/6th share. Abdullah brings OMR 45,000 Capital and goodwill OMR 15,000. Goodwill already appears in the Balance Sheet is OMR 10,000. What is the share of Goodwill written off to Almahnad which is already appears in the balance sheet? O a. OMR 9999.99 O b. OMR 6666.66 Oc. None of the options O d. OMR 3333.33Step by Step Solution
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
