When a partner withdraws from a partnership, why is the final distribution often based on the appraised
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When a partner withdraws from a partnership, why is the final distribution often based on the appraised value of the business rather than on the book value of the capital account balance?
Distribution The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Book values in most cases measure historical cost expenditure...View the full answer
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