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A partnership does not pay income tax, however, each partner pays tax on his/her income. True False Ahmed contributed cash of 520.000 into the partnership.

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A partnership does not pay income tax, however, each partner pays tax on his/her income. True False Ahmed contributed cash of 520.000 into the partnership. The joumal entry to record this transaction is. Cash $20.0000. Dirtnership $20.000 : Cr. True False

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