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Profit prior to incorporation may be utilized to ____ ___ ____?

A. write of goodwillB. pay interest on purchase considerationC. writing off fixed assets.D. all the above.

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/15
Deleted user
by Deleted user

all of answer

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

A is the correct answer

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

a

Md Shakawat Hossain
by Md Shakawat Hossain , Commercial Officer / Sales , Nubaid Corporation

A

 

Deleted user
by Deleted user

option A

Basit Ali
by Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

Opt A

mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Option number

A

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (A) >>>>>> " write off goodwill " (feel sorry for the spelling mistake in the question>>>thank you)

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

 

Company can use profit prior to incorporation for the following purposes.

1. To write off the capital losses and expenditure.

2. To write off goodwill account.

 

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