define hidden goodwill
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Explanation:
Hidden goodwill is the excess of desired total capital of the firm over the actual combined capital of all partner. Following is the accounting treatment of Hidden Goodwill: Value of Hidden Goodwill =Capitalised value of firm -Net worth.
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Answer:
Hidden goodwill :
It is the excess of desired total capital of the firm over the actual combined capital of all partner .
Following is the accounting treatment of hidden goodwill.
Value of hidden goodwill
Capatalise value of firm - Net worth .
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