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    Financial Accounting Information for Decisions
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    Exam 16: Accounting for Partnerships
  5. Question
    When a Partner Is Added to a Partnership
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When a Partner Is Added to a Partnership

Question 59

Question 59

Multiple Choice

When a partner is added to a partnership:


A) The previous partnership ends.
B) The underlying business operations ends.
C) The underlying business operations must close and then reopen.
D) The partnership must continue.
E) The partnership equity always increases.

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