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Question

New partner gets two rights in the firm, right in assets and share in future profits.  For right in assets he brings capital and for share in future profits he brings goodwill premium.
  1. True
  2. False


Solution

The correct option is A True
New partner gets two rights in the firm, right in assets and share in future profits.  For right in assets he brings capital and for share in future profits he brings goodwill premium.

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