A partnership admits a new partnership. the new partner invests 75000 in the business and receives a

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A partnership admits a new partnership. the new partner invests 75000 in the business and receives a credit of 90000 to his capital account the difference of 15000 is called

goodwill

dividend

Related Book For answer-question

Advanced Financial Accounting

ISBN: 978-0078025624

10th edition

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

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Posted Date: Oct 26, 2020 02:02 AM

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A partnership admits a new partnership. the new partner invests 75000 in the business and receives a

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Advanced Financial Accounting

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