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    College Accounting Study Set 2
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    Exam 17: Partnership
  5. Question
    A Bonus Paid by an Incoming Partner to the Old
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A Bonus Paid by an Incoming Partner to the Old

Question 51

Question 51

Multiple Choice

A bonus paid by an incoming partner to the old partners is shared:


A) equally.
B) by the salary method.
C) on the basis of profit and loss ratio.
D) by the interest method.

Correct Answer:

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