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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
Surplus
Super Profit
Reserve
Goodwill
- Surplus: This generally refers to an excess of assets over liabilities. It can also mean the amount by which income exceeds expenditure. It's not specifically related to the sale of assets.
- Super Profit: This is the profit that exceeds the normal profit a business would expect to earn. It's not directly related to asset sales, but rather measures extraordinary profitability.
- Reserve: This is a financial buffer stored by a company to cover future costs or losses. It's a portion of earnings set aside for specific purposes and not involved in asset sales.
- Goodwill: This refers to the excess value a business commands over its net assets, often due to its reputation or customer relationships. It's intangible and reflects the extra amount a business fetches beyond the saleable value of tangible assets.
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