4 Almahnad and Khalid profit sharing ratio is 4:2. Khalifa is newly admitted for 1/6th share. Abdullah brings OMR 45,000 Capital and goodwill OMR 15,000. Goodwill already appears in the Balance Sheet is OMR 10,000. What is the share of Goodwill written off to Khalid which is already appears in the balance sheet? a. None of the options b. OMR 9999.99 c. OMR 6666.66 d. OMR 3333.33
4 Almahnad and Khalid profit sharing ratio is 4:2. Khalifa is newly admitted for 1/6th share. Abdullah brings OMR 45,000 Capital and goodwill OMR 15,000. Goodwill already appears in the Balance Sheet is OMR 10,000. What is the share of Goodwill written off to Khalid which is already appears in the balance sheet? a. None of the options b. OMR 9999.99 c. OMR 6666.66 d. OMR 3333.33
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Almahnad and Khalid profit sharing ratio is 4:2. Khalifa is newly admitted for 1/6th share. Abdullah brings OMR 45,000 Capital and goodwill OMR 15,000. Goodwill already appears in the Balance Sheet is OMR 10,000. What is the share of Goodwill written off to Khalid which is already appears in the balance sheet?
a.
None of the options
b.
OMR 9999.99
c.
OMR 6666.66
d.
OMR 3333.33
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