An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:

Name: An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goodwill is distributed among the old partners according to the sacrifice ratio, which reflects the proportion of profit sharing they are giving up to accommodate the new partner.

An Incoming Partner Pays His Share of Goodwill in Cash