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    Principles of Accounting Study Set 1
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    Exam 12: Accounting for Partnerships
  5. Question
    When a Withdrawing Partner Withdraws Assets Less Than His or Her
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When a Withdrawing Partner Withdraws Assets Less Than His or Her

Question 83

Question 83

True/False

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

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