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The e book values for all other identifiable assets and liabilities are similar to their appraised reasonable values. Accordingly, the partnership agrees to pay O’Toole $one hundred twenty,000 on withdrawal. Matteson and Richton, however, will not prefer to history any goodwill in connection with the change in ownership.
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d. Use exactly the same information as in need ( c ) except that the entrance in the partnership is recorded via the goodwill technique.
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