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    Accounting Principles
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    Exam 12: Accounting for Partnerships
  5. Question
    If a New Partner Invests in a Partnership at Book
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If a New Partner Invests in a Partnership at Book

Question 79

Question 79

True/False

If a new partner invests in a partnership at book value and acquires a 1/4 interest in total partnership capital it indicates that a bonus was paid to the original partners.

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