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Q.

The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called:

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An Intiative by Sri Chaitanya

a

Surplus

b

Reserve

c

Super Profit

d

Goodwill

answer is D.

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Detailed Solution

Goodwill is an intangible asset that is associated with the purchase of one company by another. It represents value that can give the acquiring company a competitive advantage.

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The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called: