Which of the following can be a way for adjusting the capital of continuing partners at the time of retirement or death of a partner?
A) When the total capital of the new firm is unspecified.
B) When the retiring partner's payable amount will be covered by the continuing partners, ensuring that their capitals are adjusted proportionately according to their new profit sharing ratio.
C) When the partners have determined and specified the capital of the new firm.

A, B, C

All are the ways by which the capital of the continuing partner are adjusted after the retirement of the partner.
A) When the total capital of the new firm is unspecified - Calculate capital of the existing partner after all adjustments and divided it in new ratio. Excess or shortage of capital is adjusted.
B) When the retiring partner's payable amount will be covered by the continuing partners, ensuring that their capitals are adjusted proportionately according to their new profit sharing ratio - Capital of the partners including retiring partner is determined and this capital is divided in new ratio between existing partners.
C) When the partners have determined and specified the capital of the new firm - This capital is distributed in new ratio between continuing partners. Excess or shortage of capital is adjusted.