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The liquidation of a partnership means that a new partner has been admitted to the...

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Accounting

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The liquidation of a partnership means that a new partner has been admitted to the partnership. Select one: True False if X and Y agree to establish new partnership with capital 50,000 divide equally, X partner transfer his own car with market value 14,000 what are the cash amount should be paid by Y Partner Select one: a. 25,000 b. 13,000 c. 36,000 d. 11,000 Ahmad an active partner receives an annual Bonus 25% of partnership net income after deducting his bonus for the year ended 2019 partnership net income before bonus amounted to 300,000, the amount of net income after bonus should be Select one: a. 240,000 b. 60,000 c. 225,000 d. 75,000 Return to: General )

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