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Under the hybrid method of accounting for a partner's withdrawal from a partnership Multiple select question. the partnership's net assets are revalued to current fair
Under the hybrid method of accounting for a partner's withdrawal from a partnership Multiple select question. the partnership's net assets are revalued to current fair values. any asset revaluations are allocated to all partners based on their profit and loss percentages. a bonus from the remaining partners to the withdrawing partner may occur. goodwill is typically recognized and allocated to all partners based on their profit and loss percentages
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