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    Principles of Accounting Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    The Admission of a Partner Does Not Change the Composition
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The Admission of a Partner Does Not Change the Composition

Question 81

Question 81

True/False

The admission of a partner does not change the composition of partners' equity if the new partner purchases the old partner's interest by paying the old partner directly.

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