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A and B formed a partnership. A invests cash of $15.000 while B invests inventory valued at $9.000 and cash of $4,000. The balance of

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A and B formed a partnership. A invests cash of $15.000 while B invests inventory valued at $9.000 and cash of $4,000. The balance of A 's capital after formation is credit of $28,000. True False One of the characteristics of a general partnership is voluntary association. True False

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