If a New Partner Invests in a Partnership at Book

question 79

True/False

If a new partner invests in a partnership at book value and acquires a 1/4 interest in total partnership capital it indicates that a bonus was paid to the original partners.

---

Definitions:

Digitized

The process of converting information into a digital format, making it accessible and manipulable by computers.

World Wide Web

An information system where documents and other web resources are identified by Uniform Resource Locators (URLs), which are interlinked by hypertext and accessible via the Internet.

Intranet

A private network accessible only by an organization's staff, often used to share information, operational systems, or computing services within the organization.

Extranet

A private network that uses Internet technology and public telecommunication systems to securely share part of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.