Du-sik joins the partnership of Hye- Jin and Gam-ri by paying P30,000 in cash. If the net assets of the partnership are still the same amount after Du-sik has been admitted as a partner, then Du-sik * must have been admitted by investment of assets. must have been admitted by purchase of a partner's interest. must have received a bonus upon being admitted. could have been admitted by an investment of assets or by a purchase of a partner's interest.

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter20: Corporations And Partnerships
Section: Chapter Questions
Problem 55P
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Du-sik joins the partnership of Hye-
Jin and Gam-ri by paying P30,000 in
cash. If the net assets of the
partnership are still the same amount
after Du-sik has been admitted as a
partner, then Du-sik*
must have been admitted by investment of
assets.
must have been admitted by purchase of a
partner's interest.
must have received a bonus upon being
admitted.
could have been admitted by an investment
O of assets or by a purchase of a partner's
interest.
Transcribed Image Text:Du-sik joins the partnership of Hye- Jin and Gam-ri by paying P30,000 in cash. If the net assets of the partnership are still the same amount after Du-sik has been admitted as a partner, then Du-sik* must have been admitted by investment of assets. must have been admitted by purchase of a partner's interest. must have received a bonus upon being admitted. could have been admitted by an investment O of assets or by a purchase of a partner's interest.
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