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

---

Definitions:

Depersonalization-derealization Disorder

A dissociative disorder where a person experiences a sense of detachment from their body (depersonalization) or feelings of unreality or detachment from their surroundings (derealization).

Physical Problems

Health issues or conditions that affect the body, ranging from minor ailments to serious diseases.

Paralysis

The loss of the ability to move (and sometimes to feel anything) in part or most of the body, typically as a result of illness, poison, or injury.

Persistent Belief

An unyielding conviction held despite evidence to the contrary.