Q47 XYZ partnership profits for the three years ended 31st December, 2016 were 2014 100,000, 2015 60,000 and 2016 30000.

Q47 XYZ partnership profits for the three years ended 31st December, 2016 were 2014 100,000, 2015 60,000 and 2016 30000. The XYZ partnership has agreed to value goodwill for purpose of change in partnership a 2 years purchase of average profit
 �?� 60,000
 �?� 30,000
 �?�90,000
 �?� 120,000

 

TO PREPARE FOR YOUR ACC311 EXAMS – CLICK HERE TO GET THE ACC311 EXAMS SUMMARY FOR #1000