Unrecorded liabilities when paid are shown in

a.

Credit of bank account

b.

Credit of realization account

c.

Debit of realization account

d.

Debit of bank account

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If Goodwill is OMR 120,000, Average profit is OMR 60,000, Normal. Rate of return is 10% on capital employed OMR 480,000. Calculate capitalized value of the firm.

a.

OMR 700,000

b.

OMR 500,000

c.

OMR 400,000

d.

OMR 600,000