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Which of the following would not be (True) in the event that a newly admitted...

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Accounting

Which of the following would not be (True) in the event that a newly admitted partner pays more than book value for his/her investment in a partnership?

Assign a bonus to the prior partners

Record unrecognized goodwill and allocate it to the prior partners

Record no revaluations, bonus, or goodwill

Revalue net assets up to market value and allocate to prior partners

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