alleryStart learning →A buyer pays ₹18 lakh for a firm with assets of ₹21 lakh and liabilities of ₹6 lakh at fair value. Goodwill?
A₹12 lakh
B₹15 lakh
C₹3 lakh
D₹6 lakh
Answer & Solution
Correct answer: C. ₹3 lakh
Net identifiable assets are 15 lakh, so the 18 lakh price exceeds them by 3 lakh.
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