A) assets and liabilities are shown at their present values.
B) gaining partner is not put to an advantage and sacrificing partner is not put to disadvantage and vice versa.
C) gaining partner can compensate the sacrificing partner for the sacrifice of profit share.
D) assets and liabilities are shown at their current estimated values.
Correct Answer: C
Solution :
[c] gaining partner can compensate the sacrificing partner for the sacrifice of profit share.You need to login to perform this action.
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