=+All other assets and liabilities remained at their existing book values. It was agreed that Riordan would

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=+All other assets and liabilities remained at their existing book values.

It was agreed that Riordan would introduce €40,000 into the partnership, this amount to include €6,000 in respect of Riordan’s share of goodwill. A goodwill account is not to be maintained permanently in the accounts of the pa neaeehip:

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