=+The following additional information is available: (1) On 31 December 1995, MacIntyre decided to retire from the
Question:
=+The following additional information is available:
(1) On 31 December 1995, MacIntyre decided to retire from the partnership, and on 1 January 1996, Riordan was admitted to the partnership. It was agreed that the new profit sharing ratio would be Murphy, Noonan, Riordan 5:4:1.
(2) On 31-December 1995, some of the assets and liabilities of the partnership were revalued as follows:
784
(3)
(4)
(5) (6)
(7)
INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING
€'000 Premises 200 Fixtures and fittings 40 Inventory 15
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International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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