[Solved] Which of the following statement is correct?

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Q.	Which of the following statement is correct?
A.	The amount of Goodwill or Capital Reserve is found out in the books of purchasing company only
B.	The amount of Goodwill or Capital Reserve is found out in the books of vendor company only.
C.	Goodwill = Net Assets – Purchase price
D.	The face value of shares of purchasing company will be taken in to account while calculating purchase consideration.
Answer» A. The amount of Goodwill or Capital Reserve is found out in the books of purchasing company only

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