Question: When the new partner contributes an asset and the amount credited to his capital after admission is less than his contribution, and furthermore, the assets
When the new partner contributes an asset and the amount credited to his capital after admission is less than his contribution, and furthermore, the assets of the partnership ar property valued A. The result is bonus to the old partners B. The result is bonus to the the new partner C. The result is an implied undervalued asset D. The result is an implied overvalued asset
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