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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    If a Partner Is Unable to Cover a Deficiency and the Other
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If a Partner Is Unable to Cover a Deficiency and the Other

Question 99

Question 99

True/False

If a partner is unable to cover a deficiency and the other partners absorb the deficiency, then the partner with the deficiency is thus relieved of all liability.

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