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    Accounting Study Set 4
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    Exam 12: Accounting for Partnerships and Limited Liability Companies
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    When a New Partner Is Admitted to a Partnership, Bonuses
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When a New Partner Is Admitted to a Partnership, Bonuses

Question 91

Question 91

True/False

When a new partner is admitted to a partnership, bonuses attributable to either the old partnership or to the incoming partner may be recognized in accordance with the agreement among the partners.

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