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Dmitry_Shevchenko [17]
3 years ago
7

Cherryhill and Hace had been partners for several years, and they decided to admit Quincy to the partnership. The accountant for

the partnership believed that the dissolved partnership and the newly formed partnership were two separate entities. What method would the accountant have used for recording the admission of Quincy to the partnership?
Social Studies
1 answer:
kogti [31]3 years ago
8 0

Answer:

The accountant in this particular scenario will use to record the admission of Quincy will be the goodwill method.

Explanation:

The goodwill method is used when an intangible asset arises when a buyer purchases an existing company or partnership. In this case, the accountant will use this method to record the admission of Quincy.  

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This communication skills, besides improving relations employee-employer, also help to the company at the end, because if employees field good and committed to the organisation, they will hard work for it. So, this is why companies must to add some values to that relation because that way, employees are going ''feel'' the company, they are gonna be an important of the process.

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