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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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