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What method of recording mr x admission should mr z prefer

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Reference no: EM132771015

Problem 1: When Mr. X is admitted to the partnership, the fair value of the assets he contributes exceeds his initial capital balance. If Mr. Z will retire soon from the partnership, what method of recording Mr. X's admission should Mr. Z prefer?

A. The bonus method

B. The revaluation method

C. Either the bonus or the revaluation method

D. Neither the bonus or the revaluation method

Reference no: EM132771015

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