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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 New Partner Is Admitted to a Partnership, There
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When a New Partner Is Admitted to a Partnership, There

Question 192

Question 192

Multiple Choice

When a new partner is admitted to a partnership, there should be a (n)


A) revaluation of assets
B) realization of assets
C) allocation of assets
D) return of assets

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