Question

30. Purchased Goodwill is :-
1. Assets Liabilities
3. Capital + Liabilities
2. Assets – Profits
4. None of these
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Answer 1

Answer:

Assets - Liability

Explanation:

Purchased goodwill is the difference between the value paid for an enterprise as a going concern and the sum of its assets less the sum of its liabilities, each item of which has been separately identified and valued.