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If a partner who retires from a limited liability partnership receives an amount of cash less than the partner's capital account balance: a. Bonuses should
If a partner who retires from a limited liability partnership receives an amount of cash less than the partner's capital account balance:
a.
Bonuses should be allocated to the continuing partners
b.
Bonuses should be recognized to the retiring partner.
c.
Identifiable net assets of the partnership should be written down
d.
Negative goodwill should be recognized by the partnership
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