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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