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    Business
  3. Study Set
    Principles of Accounting
  4. Exam
    Exam 17: Partnerships
  5. Question
    When a Partner Withdraws Assets Greater Than His or Her
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When a Partner Withdraws Assets Greater Than His or Her

Question 14

Question 14

True/False

When a partner withdraws assets greater than his or her capital balance, the excess is treated as a bonus to the remaining partners.

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