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An advantage of the partnership form of business organization is O limited life O ease of formation O unlimited liability mutual agency Question 36 (2

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An advantage of the partnership form of business organization is O limited life O ease of formation O unlimited liability mutual agency Question 36 (2 points) When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their assessed values for property purposes fair market value at the time of the contribution O original costs to the partner contributing them book values on the partners' books prior to their being contributed to the partnership

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