Corporate Accounting

___________ must be added back to the profits given in the statement of adjusted future profits

• Interest on investments

• Depreciation on capital expenditure

• Insurance premium

• Loss due to stock destroyed by fire

____________ is the method of valuation of goodwill

• Yield method

• Super profit method

• Net asset method

• Earning capacity method

Goodwill is _______________

• Tangible asset

• Current asset

• Real asset

• Intangible asset

IFRS stands for _____________

• Institutional Financial Reporting Standards

• International Foreign Reporting Standards

• International Financial Reporting Standards

• Indian Financial Reporting Standards

Super profit is ___________

• Average profit - Normal profit

• Average profit + Normal profit

• Average profit * Number of years of purchase

• Average capital employed - NRR