国际会计英语 Chapter 5.pptVIP

Chapter 5 Partnership 3 Partnership Dissolution and Conversion When a partner retires There are two considerations: to decide how much the retiring partner is entitled to receive to decide how payment is to be made To answer the question 1 There are two types of value need to be considered: Fair value and book value if no difference between the carrying value and the fair value if carrying values exceed the fair value. If carrying value is less than the fair value If NO difference between the carrying value and the fair value The retiring partner should be entitled to receive the amount stan