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Which of the following are acceptable methods of accounting for adding a new partner to the partnership? (CLICK ALL THAT APPLY) a.Revaluation Method - Cash
Which of the following are acceptable methods of
accounting for adding a new partner to the
partnership?
(CLICK ALL THAT APPLY)
a.Revaluation Method - Cash goes to the partnership.
b.Tangible Value Method - Cash is paid based on the value of the tangible assets only and any implied Goodwill is ignored.
c.Revaluation Method - Cash goes to the partners.
d.Book Value Method, Cash goes to the partners.
e.Book Value Method - Cash goes to the partnership.
f.Current Value Method - Cash is split between the partners and the partnership.
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