A and B are partners in the firm. C is admitted for 1/4th share of profit. He brought
2,00,000 as capital and Rs. 40,000 for goodwill. The total value of goodwill of the firm
is:
(a) Rs. 50,000
(b) Rs. 80,000
(c) Rs. 2,40,000
(d) Rs. 1,60,000
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Answer:
c is the correct answer
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