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The LRS Partnership officially began on March 14, Year 1. After several years of operating a successful partnership, one of the partners has negotiated a
The LRS Partnership officially began on March 14, Year 1. After several years of operating a successful partnership, one of the partners has negotiated a withdrawal from the partnership effective in July of Year 5. The remaining partners are weighing two options for accounting for the withdrawal: the bonus method and the goodwill method
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