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  3. Study Set
    Financial Accounting Information for Decisions
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    Exam 16: Accounting for Partnerships
  5. Question
    Admitting a Partner into a Partnership by Accepting Assets Is
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Admitting a Partner into a Partnership by Accepting Assets Is

Question 65

Question 65

True/False

Admitting a partner into a partnership by accepting assets is a personal transaction between one or more current partners and the new partner.

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