The goodwill brought in by the new partner is shared by all partners. (State True or False)
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Answered by
1
NO..
IT IS SHARE IN ONLY...
OLD PARTNERS
IT IS SHARE IN ONLY...
OLD PARTNERS
Answered by
0
Answer:
False
Explanation:
The goodwill brought in by the new partner is shared by all partners - False
The goodwill brought in by the new partner is shared only by the old partners. Old partners have constructed up the goodwill that exists for the company when fresh partner is admitted. Because the old partners in his favour sacrifice their future share of earnings. That's why the fresh partner's goodwill is given to sacrificing partners in line with their sacrifices.
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