=+(iii) All other assets and all liabilities to be taken over at their book values. (4) The
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=+(iii) All other assets and all liabilities to be taken over at their book values.
(4) The capital of A B & N is to be contributed by the partners in their profit-sharing ratios and is to amount in total to €130,000.
788 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING Requirement
(a) Close the books of the partnerships of BECKHAM and ADAMS, and NOONAN and NORTON by preparing the following accounts:
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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