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1.) All withdrawals and investments shall be considered when computing for the weighted average capital balance. True or False 2.) The salary portion of the

1.) All withdrawals and investments shall be considered when computing for the weighted average capital balance. True or False 2.) The salary portion of the partnership profit and loss allocation is used to compensate partners for the time and effort expected in the business. True or False 3.) Provisions of legal services by a lawyer is a valid contribution to a partnership. True or False

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