Question
An incoming partner may acquire an interest in the partnership for a price in excess of that indicated by the book value of the original
An incoming partner may acquire an interest in the partnership for a price in excess of that indicated by the book value of the original partnerships net assets. This situation would suggest the existence of:
| a. | Unrecognized excess of cash | |
| b. | Unrecognized goodwill | |
| c. | Unrecognized capital | |
| d. | Unrecognized profit |
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Foundations Of Managerial Accounting
Authors: Dr. Susan Galbreath
1st Edition
0390786276, 978-0390786272
