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Goodwill given in adjustments (after the balance sheet) will be ____________
  • a)
    Used to adjusted the share of retiring partner
  • b)
    Distributed among the gaining partners
  • c)
    Distributed among sacrificing partners
  • d)
    Distributed among all the partners
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Goodwill given in adjustments (after the balance sheet) will be ______...
Answer is Correct because remaining partner's have acquired the Sacrificing partner's share or goodwill.(So,gaining partner's pay such amount to sacrificing partner in his ratio in term of goodwill)
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Community Answer
Goodwill given in adjustments (after the balance sheet) will be ______...
Goodwill given in adjustment( after the balance sheet )will be used to adjusted the share of retiring partner.
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Goodwill given in adjustments (after the balance sheet) will be ____________a)Used to adjusted the share of retiring partnerb)Distributed among the gaining partnersc)Distributed among sacrificing partnersd)Distributed among all the partnersCorrect answer is option 'A'. Can you explain this answer?
Question Description
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