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    Principles of Accounting Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    When Individuals Invest Property in a Partnership,the Property Becomes an Asset
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When Individuals Invest Property in a Partnership,the Property Becomes an Asset

Question 103

Question 103

True/False

When individuals invest property in a partnership,the property becomes an asset of the partnership and is owned jointly by the partners.

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