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16 If a new partner is admitted into a partnership by investment, the total assets and total capital will change. 5 Select one: Sut of

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16 If a new partner is admitted into a partnership by investment, the total assets and total capital will change. 5 Select one: Sut of True question False 17 The distribution of cash to partners in a partnership liquidation is always made based on the partners' income sharing ratio Select one: out of True question False 18 If a partner invests noncash assets in a partnership, they should be recorded by the partnership at their book value. Sut of Select one: True question False

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