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  3. Study Set
    College Accounting Study Set 5
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    Exam 19: Accounting for Partnerships
  5. Question
    If a Partner Is Permitted to Withdraw More Than the Book
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If a Partner Is Permitted to Withdraw More Than the Book

Question 43

Question 43

True/False

If a partner is permitted to withdraw more than the book value of his/her interest, the effect of the transaction will increase the capital accounts of the remaining partners.

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