True/False
When a new partner pays a bonus to join an existing partnership,the bonus amount is the amount in excess of his or her proportionate share of the total capital of the new partnership.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q73: The balance sheet of Ryan and
Q74: Felix and Ian allocate 2/5 of the
Q75: Partnerships always share profit equally among all
Q76: Keith and Jim formed a partnership business.The
Q77: Adam,Bill and Charlie are partners.The profit and
Q79: When a partnership makes profit and the
Q80: In most respects,a balance sheet for a
Q81: Sarah and Jane formed a partnership with
Q82: Tim and Michelle have decided to form
Q83: Keith and Jim are partners.Keith has a