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What is the amount to be paid for Goodwill

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Question - The owners of Eli Company are planning to sell business to new interests. The cumulative net earnings for the past five years amounted to P11,000,000 including expropriation gain of P1,000,000. The fair value of net assets of East Company was P15,000,000. The goodwill is determined by capitalizing average net earnings at 10%. What is the amount to be paid for Goodwill?

Reference no: EM132787409

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