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Question
Identify the incorrect pair
Options
Goodwill under Average profit method - Average profit × Number of years of purchase
Goodwill under Super profit method - Super profit × Number of years of purchase
Goodwill under Annuity method - Average profit × Present value annuity factor
Goodwill under Weighted average profit method - Weighted average profit × Number of years of purchase
MCQ
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Solution
Goodwill under Annuity method - Average profit × Present value annuity factor
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