When the New Partner Invests Some Intangible Asset, Such as Business

question 27

Multiple Choice

When the new partner invests some intangible asset, such as business acumen or an established clientele, it is possible to have a bonus credited to the new partner.This bonus may be viewed as:

• A)​Cost incurred to acquire Goodwill of new partner
• B)​Revenue recognition
• C)​Personal Drawing in excess of Goodwill
• D)​Additional investment by all partners.

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Definitions:

Random

Lacking any definite plan or order or purpose; governed by chance.

Ineffectual Treatment

Medical or therapeutic interventions that fail to produce the desired beneficial outcome.

Manipulated Variable

In experimental research, the manipulated variable is the factor that is intentionally changed or controlled by the researcher to observe its effects on the dependent variable.

Measured Variable

A variable in research that is quantified or measured directly by the researcher, as opposed to being manipulated or controlled.