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A partners' capital statement explains the types of assets invested in the business by each partner. the changes in each partner's capital account and in
A partners' capital statement explains
the types of assets invested in the business by each partner.
the changes in each partner's capital account and in total partnership capital during a period.
how the partnership will be capitalized if a new partner is admitted to the partnership.
the amount of legal liability of each of the partners.
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Accounting For Inventory
Authors: Steven M. Bragg
4th Edition
1642210714, 9781642210712
