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A, B and C were partners sharing profit & losses in the ratio of 4:3:3. B dies and the goodwill of the firm is
A, B and C were partners sharing profit & losses in the ratio of 4:3:3. B dies and the goodwill of the firm is valued at $ 25,000. Goodwill already appearing in the books at $ 10,000. A and C will share the future profits in the ratio of 3: 2. Pass the journal entries
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Intermediate Accounting
Authors: Kin Lo, George Fisher
Volume 1, 1st Edition
132612119, 978-0132612111
