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  3. Study Set
    Fundamental Accounting Principles Study Set 5
  4. Exam
    Exam 12: Accounting for Partnerships
  5. Question
    When the Current Value of a Partnership Is Greater Than
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When the Current Value of a Partnership Is Greater Than

Question 60

Question 60

True/False

When the current value of a partnership is greater than the recorded amounts of equity, the current partners usually require any new partner to pay a bonus for the privilege of joining.

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