When a New Partner Is Admitted into a Partnership and the Old

question 20

Multiple Choice

When a new partner is admitted into a partnership and the old partners' goodwill is recognized,the goodwill is allocated to:
I.all the partners in their profit-and-loss-sharing ratio.
II.the old partners in their profit and loss sharing ratio.

• A)I only
• B)II only
• C)Either I or II
• D)Neither I nor II

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Definitions:

Job Crafting Behaviours

The actions employees take to shape, mold, and redefine their jobs in a manner that fosters job satisfaction, engagement, resilience, and thriving at work.

Predicting Work Outcomes

The process of forecasting or estimating the potential results or consequences of actions within a workplace setting.

Knowledge, Skill

The theoretical understanding (knowledge) and the practical ability (skill) to perform tasks and solve problems.

Ability Demands

The specific skills and competencies required for a job or task, reflecting the necessary capacity to perform effectively.