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When an existing partner sells interest in the partnership and Goodwill is recognized, what is the likely entry made: Select one: a. Debit cash b.
When an existing partner sells interest in the partnership and Goodwill is recognized, what is the likely entry made:
Select one:
a.
Debit cash
b.
Debit Capital
c.
Debit Expense
d.
Debit selling partners' Drawing
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