Sulaiman and Yousuf are partners who contribute in cash and Yousuf's contribution as land. If the contribution of Sulaiman undervalued then what will be the action decision of partners towards such contribution ? None of the options Sulaiman need not pay the undervalue Sulaiman's share of profit will be reduced Sulaiman need to pay the undervalue as contribution

Sulaiman and Yousuf are partners who contribute in cash and Yousuf's contribution as land. If the contribution of Sulaiman undervalued then what will be the action decision of partners towards such contribution ? None of the options Sulaiman need not pay the undervalue Sulaiman's share of profit will be reduced Sulaiman need to pay the undervalue as contribution

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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