Question

We do the revaluation of assets and liabilities because the ____________ partners wanted to share all the gains or losses between them without involving the _________ partner

• A. existing, existing
• B. new, new
• C. existing, new
• D. new, existing

Answer 1

The correct option is C

existing, new

We do the revaluation of assets and liabilities because the existing partners wanted to share all the gains or losses between them without involving the new partner.