Question

while calculating any future maintainable profit. any non trading income included in the profit should be?
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Answer 1

Answer:

Future Maintainable Profit: It is nothing but the future profits likely to be earned. This estimated future profit is to be ascertained on the basis of past profits—which is very significant while calculating the value of goodwill. (viii) Preference dividend should always be deducted from profit.

Explanation:

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