=+The following additional information is available: (1) On 31 December 1995, MacIntyre decided to retire from the

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=+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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