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When a partner retires from a partnership and the retiring partner is paid more than the capital balance in her account, which of the following

When a partner retires from a partnership and the retiring partner is paid more than the capital balance in her account, which of the following explains the difference? I. The retiring partner is receiving a bonus from the other partners. II. The retiring partner's goodwill is being recognized.

I only II only Either I or II Neither I nor II

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