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Commerce · Q1934

Accounting

Graduate and Post Graduate · Commerce · question 1934

Q1934

Firm has earned exceptionally high profits from a contract, which will not be renewed. In such a case, this profit will not be included in . . . . . . . .

A.
profit share of the partners
B.
calculation of the goodwill
Answer
C.
Both A and B
D.
None of these

Answer: Option B

Solution

Answer: Option B
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