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(Treatment of goodwill). A and B are partners sharing profits and losses in the ratio of 3: 2. They admit C on the condition
(Treatment of goodwill). A and B are partners sharing profits and losses in the ratio of 3: 2. They admit C on the condition that he will bring $20,000 as his share of goodwill in cash to be distributed between A and B. C's share in future profits will be 1/4th, which he acquires equally from A and B. Journalise.
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Human Resource Management
Authors: Jean M. Phillips, Stanley M. Gully
1st edition
1111533555, 978-1111533557
