When a partner resigns from the partnership and receives assets greater than her or his Capital balance,

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When a partner resigns from the partnership and receives assets greater than her or his Capital balance, how is the difference shared by the other partners?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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