If a Bonus Is Traceable to the Previous Partners Rather

question 16

Multiple Choice

If a bonus is traceable to the previous partners rather than an incoming partner, it is allocated among the partners according to the

• A)profit-sharing percentages of the previous partnership.
• B)profit-sharing percentages of the new partnership.
• C)capital percentages of the previous partners.
• D)capital percentages of the new partnership.

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Definitions:

Group & Sort

A function in databases and software applications that arranges data into meaningful groups and orders it within those groups.

Subtotal

Subtotal refers to an intermediate total that summarizes the value of a specific subgroup of items within a larger list or set, often used in accounting and data analysis.

Calculated Control

In software, especially databases, it refers to a control element that displays a value based on calculations performed on data rather than storing the value itself.

Expression

A combination of symbols, values, and operators that, when evaluated, results in a single value; used in mathematics, programming, and logic.