Economics · Accounting - Goodwill Valuation
In partnership accounting, if the calculated amount of super profit is negative, what does it indicate regarding the value of goodwill?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The goodwill is calculated using the capitalization method only.
- 2The goodwill value is equal to total capital invested.
- 3There is no goodwill (goodwill value is nil).✓
- 4There is average goodwill present.
Correct answer
There is no goodwill (goodwill value is nil).
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