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) Both a and b
D) assets and liabilities are shown at their market values.
Correct Answer: B
Solution :
[b] gaining partner is not put to an advantage and sacrificing partner is not put to disadvantage and vice versa.You need to login to perform this action.
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