FAR 5 Module 4 Flashcards
1
Q
What are the formulas for
Implied total Capital
Good will
Bonus
A
2
Q
What are the partnership admissions
Exact Method
Bonus Method
Goodwill Method
A
3
Q
What is the exact method & the Good will method
A
4
Q
How are Partnership Profit and Loss split?
What if there is no agreement?
A
5
Q
What happens during a withdrawal of partner for
Bonus
Good will
A
6
Q
What happens during the liquidation of a Partnership
A
