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Retiree's adjusted capital is Rs 60,000 but he is paid Rs 72,000. Hidden goodwill?
ARs 12,000
BRs 72,000
CRs 60,000
DRs 6,000
Answer & Solution
Correct answer: A. Rs 12,000
The amount paid exceeds his adjusted capital by 72,000 minus 60,000, which is 12,000.
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