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    Accounting Study Set 4
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    Exam 12: Accounting for Partnerships and Limited Liability Companies
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    When a Partner Invests Noncash Assets in a Partnership, the Assets
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When a Partner Invests Noncash Assets in a Partnership, the Assets

Question 163

Question 163

True/False

When a partner invests noncash assets in a partnership, the assets are recorded at the partner's book value.

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