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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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7 years ago
A bonus is paid to the old partners when:
A) the equity of a partnership is worth more than what is recorded in the accounting records.
B) the old partner believes the business is worth less than the amounts recorded in the accounting records.
C) the company's earnings records are less than expected.
D) None of these answers is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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#1
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7 years ago
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majestico Author
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#2
7 years ago
Thanks for attempting to answer. You were correct in your response!
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