Solved

The Bonus and Goodwill Methods of Recording the Admission of a New

Question 11

Multiple Choice

The bonus and goodwill methods of recording the admission of a new partner will produce the same result if the:


A) new partner's profit-sharing ratio equals his capital interest
B) old partners' profit-sharing ratio in the new partnership is the same relatively as it was in the old partnership.
C) both new partner's profit-sharing ratio equals his capital interest and old partners' profit-sharing ratio in the new partnership is the same relatively as it was in the old partnership are met
D) none of these.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents