I do not know how to explain "Bonus method" for accounting in a memo.
When the partnership was admitting Tom, the existing partners John and Jane did not understand the accounting method used to admit a new partner. explain in a brief memo to John and Jane the bonus method for accounting for the admission of Tom to the partnership.
To: John and Jane
From: CPA Candidate
Re: Admission of new partner
The bonus method is basically intangible assets that a new partner brings into a partnership. Therefore, lets say a partners... View the full answer
- All the best in your studies.
- May 04, 2018 at 9:54am