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Current Attempt in Progress A partners' capital statement explains the changes in each partner's capital account and in total partnership capital during a period. the
Current Attempt in Progress
A partners' capital statement explains
the changes in each partner's capital account and in total partnership capital during a period.
the types of assets invested in the business by each partner.
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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