Question
question 1 Which of the following ratios relate to the amount of goodwill to be paid by the new partner to the old partners for
question 1
Which of the following ratios relate to the amount of goodwill to be paid by the new partner to the old partners for the share of profit surrendered?
options
O a. Old profit sharing ratio
O b. Sacrifice ratio
O c. Accounting ratio
O d. New profit sharing ratio
O d. General partnership
question 2
meets the needs of the individuals who are unwilling to accept the risk of unlimited liability.
option
O a. Limited liability partnership
O b. Limited partnership
O c. Limited liability company
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Accounting For Beginners
Authors: Neel Gaines
1st Edition
1801120897, 978-1801120890
