menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Accounting Study Set 1
  4. Exam
    Exam 12: Accounting for Partnerships
  5. Question
    When a New Partner Is Admitted,it Will Dissolve the Old
Solved

When a New Partner Is Admitted,it Will Dissolve the Old

Question 116

Question 116

True/False

When a new partner is admitted,it will dissolve the old partnership.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q111: Which of the following describes a limited

Q112: A partnership agreement should include<br>A)the method of

Q113: A partnership is relatively easy to form,but

Q114: A partnership need not obtain permission from

Q115: Joan contributes cash of $48,000,and Jamie contributes

Q117: The most appropriate place to look for

Q118: Gains and losses on the sale of

Q119: A partnership is liquidated when a new

Q120: In a partnership liquidation,<br>A)creditors should be paid

Q121: On December 31,20x5,the X&Y Partnership had the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines