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When a new partner is admitted into a partnership and the new partner receives a capital credit greater than the tangible assets contributed, which of
When a new partner is admitted into a partnership and the new partner receives a capital credit greater than the tangible assets contributed, which of the following explains the difference?
The old partners' goodwill is being recognized.
The new partner's goodwill is being recognized.
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Principles of Cost Accounting
Authors: Edward J. Vanderbeck
16th edition
9781133712701, 1133187862, 1133712703, 978-1133187868
