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1. If a partner invests noncash assets in a partnership, they should be recorded by the partnership at their Book value. Select one: True False

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1. If a partner invests noncash assets in a partnership, they should be recorded by the partnership at their Book value. Select one: True False 2. If a new partner is admitted into a partnership by investment, the total assets and total capital will change. Select one: True False 3. In the end of the year the partner withdrawal must be closed in capital partner loan I Select one True False

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