Admission of a ...

Goodwill is a _______ asset but not fictitious asset.

a) Dog - Goodwill  1. Fugitive good will
b) Cat -  Good will 2. Locality good will
c) Rat - Good will   3. Personal good will

$$A$$ and $$B$$ are partners sharing profits in the ratio of $$3 : 2$$. $$C$$ is admitted for $$1/4th$$ share of profits and brings $$Rs. 10,000$$ as his capital. But he is not able to bring in cash for his share of goodwill $$Rs. 3,000$$. How will you treat this?

During the reconstitution of partnership firm, _________ is valued.

Which of the following is the method for valuation for Goodwill?

_______ is an intangible asset which arises on acquisition or is internally generated.

Under which of the following methods of capitalization Goodwill = Capitalised Value of Firm(avg profit) - NET Assets(capital employed).

Which of the following factors affect the goodwill of a firm ___________.

If, average profit during last few years is $$Rs.100000$$, NRR is $$10$$%. Ascertain the value of goodwill by capitalisation of average profit method if total assets are $$Rs.1500000$$ and liabilities $$Rs.680000$$.

Under ___________ method Goodwill is valued at the agreed number of years purchase of the average profits of the past few years.