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    Advanced Accounting Concepts and Practice
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    Exam 21: Partnerships: Changes in Ownership
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    An Advantage of the Recording the Goodwill Method Over the Bonus
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An Advantage of the Recording the Goodwill Method Over the Bonus

Question 32

Question 32

True/False

An advantage of the recording the goodwill method over the bonus method is that an incoming partner eventually will end up with a greater capital balance.

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