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The financial statements of a partnership are similar to those of a proprietorship. Select one: O True False A bonus to the remaining partners results

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The financial statements of a partnership are similar to those of a proprietorship. Select one: O True False A bonus to the remaining partners results when a retiring partner receives partnership assets which are less than his or her capital balance on the date of withdrawal. Select one: O True O False if the amount paid to retirement partner less than his interest of capital then it will be bonus or good will to retiring partner Select one: True False

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