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  3. Study Set
    Principles of Accounting
  4. Exam
    Exam 17: Partnerships
  5. Question
    When a Newly Admitted Partner Pays a Bonus to the Existing
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When a Newly Admitted Partner Pays a Bonus to the Existing

Question 5

Question 5

True/False

When a newly admitted partner pays a bonus to the existing partners, the new partner's capital account is debited.

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