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Partnerships may maintain their capital accounts according to which of the following rules? Multiple Choice 1- GAAP 2- 704(b) 3- Tax 4- Any of the

Partnerships may maintain their capital accounts according to which of the following rules?

Multiple Choice

1- GAAP

2- 704(b)

3- Tax

4- Any of the rules

5- Only GAAP and 704(b)

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