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The following trading results are available in respect of the business carried on by a firm: 2001 Loss Rs.10,000 2002 Loss Rs.5,000 2003 Profit
The following trading results are available in respect of the business carried on by a firm: 2001 Loss Rs.10,000 2002 Loss Rs.5,000 2003 Profit Rs.80,000 2004 Profit Rs.55,000 The value of goodwill on the basis of 5 years' purchase of average profit of the business will be A B C D Rs. 1,25,000 Rs.1, 50, 000 Rs. 1,00,000 Rs.1,20,000
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Applying International Financial Reporting Standards
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
3rd edition
730302121, 978-0730302124
