Which of the following are methods of calculating goodwill?
1. Average profit method
2. Super profit method
3. Log method
4. Sum of years digit method
5. Capitalisation of average profit method
6. Capitalisation of super profit method
7. FIFO method
Select the correct answer:
A. 1, 2, 5 and 6
B. 1, 2, 4 and 5
C. 1, 2, 4 and 6
D. 1, 2, 6 and 7
Answer: Option A
This Question Belongs to Commerce >> Accounting
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