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How will an expense that will stop in future be treated in goodwill valuation?

Answer and explanation

Correct answer: It may be added back if already deducted

An expense that will not continue in future will not reduce maintainable profit. So if it was deducted from profit it may be added back.

Related tags

GoodwillMaintainable-ProfitExpense-AdjustmentPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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