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    Fundamental Accounting Principles Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    Current Partners Usually Require Any New Partner to Pay a Bonus
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Current Partners Usually Require Any New Partner to Pay a Bonus

Question 125

Question 125

True/False

Current partners usually require any new partner to pay a bonus for the privilege of joining when the current value of a partnership is greater than the recorded amounts of equity.

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