Question

Which of the following statement is not true?
Statement I: If there exists an increasing trend, it is considered to give a higher weightage to the
profits to the recent years than those of earlier years for calculation of goodwill.
Statement II: Goodwill exists only when the firm earns super profits.
Statement III: While calculating net assets for the purpose of valuation of goodwill, trade
investment are not included.

Choose the correct option:
All Statements
1) Statement II
2) Statement l
3) Statement III​

Answer 1

Answer:

statement 1 and 3 are not true