A, B and C are the partners in a business firm sharing their profits in the...
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A, B and C are the partners in a business firm sharing their profits in the ratio of 4:3 : 2. A new partner D enters the firm. The new profit sharing of A, B, C and D is 5: 4: 2: 1. D contributes a goodwill of Rs.36, 000. This goodwill is to be allocated among A, B and C. Which one of the following will be the correct allocation? A B C D A - Rs.16, 000, B - Rs.12, 000, C- Rs.8,000 A - Rs. 12, 000, B - Rs.8, 000, C- Rs.16,000 A - Rs. 12, 000, B - Nil, C- Rs.24, 000 A - Rs.24, 000, B - Nil, C - Rs.12, 000 A, B and C are the partners in a business firm sharing their profits in the ratio of 4:3 : 2. A new partner D enters the firm. The new profit sharing of A, B, C and D is 5: 4: 2: 1. D contributes a goodwill of Rs.36, 000. This goodwill is to be allocated among A, B and C. Which one of the following will be the correct allocation? A B C D A - Rs.16, 000, B - Rs.12, 000, C- Rs.8,000 A - Rs. 12, 000, B - Rs.8, 000, C- Rs.16,000 A - Rs. 12, 000, B - Nil, C- Rs.24, 000 A - Rs.24, 000, B - Nil, C - Rs.12, 000
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Correct option is C At the time of admission of a new partner ... View the full answer
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
Posted Date:
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