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    College Accounting Study Set 5
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    Exam 19: Accounting for Partnerships
  5. Question
    If the Retiring Partner's Interest Is Sold to One of the Remaining
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If the Retiring Partner's Interest Is Sold to One of the Remaining

Question 42

Question 42

True/False

If the retiring partner's interest is sold to one of the remaining partners, the retiring partner's equity is merely transferred to the other partner.

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