After the admission of a new partner, the total partnership capital increased by the fair value of

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After the admission of a new partner, the total partnership capital increased by the fair value of the new partner's net contributions to the partnership. The admission was accounted for

a) Under the bonus method

b)As an investment in the partnership

c) Under the goodwill method

d) As a purchase of interest

Posted Date: Jun 16, 2024 09:16 AM

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After the admission of a new partner, the total partnership capital increased by the fair value of

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