0. A and B are partners in a firm. They admit C as a partner with 1/5th share in the profits of the firm. C brings 31,50,000 as his share of capital. The value of the total assets of the firm is 5,50,000 and outside liabilities are valued at 370,000 on that date. C's share of hidden goodwill will be (A) 2,70,000 (B)54,000 (C) 1,20,000 (D) 24,000
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The correct answer is option (C)
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