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

question 68

Multiple Choice

When a new partner is admitted into a partnership and the new partner receives a capital credit greater than the tangible assets contributed,which of the following explains the difference?
I.The old partners' goodwill is being recognized.
II.The new partner's goodwill is being recognized.


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Data Transfer

The process of moving or copying data from one location to another, which can occur within the same device or across networks.

Maximum Allowed

Refers to the highest limit permitted by a set of rules or by an authority.

Ribosomes

Organelles found in both prokaryotic and eukaryotic cells where proteins are synthesized.

RNA

Ribonucleic acid, a molecule essential for coding, decoding, regulation, and expression of genes, acting as a messenger carrying instructions from DNA for controlling the synthesis of proteins.

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