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    Principles of Accounting Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    When M Purchases N's $10,000 Capital Interest for $10,000,the Ensuing
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When M Purchases N's $10,000 Capital Interest for $10,000,the Ensuing

Question 42

Question 42

True/False

When M purchases N's $10,000 capital interest for $10,000,the ensuing entry on the books of the partnership would contain a debit to Cash for $10,000.

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