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Question 7 (1 point) Letourneau invests $20,000 in cash (admission by investment) in the Sei partnership to acquire a 1/4 interest. In this case a)

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Question 7 (1 point) Letourneau invests $20,000 in cash (admission by investment) in the Sei partnership to acquire a 1/4 interest. In this case a) Letourneau's income ratio will automatically be 1/4 bi the total net assets of the new partnership are unchanged from the partnership c the total capital of the new partnership is greater than the total capita old partnership. d) the accounting will be the.same as a purchase of an interest. Save Question 8 (1 point)

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