reason to not revalue partnership assets
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Which of the following is the reason to not revalue
Group of answer choices
A. All three are reasons to not revalue partnership assets at the date of new partner’s admission
B. The partnership has not ceased operations
C. There has been a change in the ownership
D. A new legal entity exists
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