When a new partner is admitted at a higher-than-book-value contribution,the existing partners will receive a bonus amount.

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When a new partner is admitted at a higher-than-book-value contribution, the existing partners will receive a bonus amount. This bonus amount is calculated as the difference between the new partner's contribution and the proportionate share of the book value of the partnership's assets. The bonus is then distributed among the existing partners in proportion to their profit-sharing ratio.

When a New Partner Is Admitted at a Higher-Than-Book-Value Contribution,the