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True or False? If the underlined statement is false, rewrite the sentence as a true statement. A partnership is required to calculate the aggregate
True or False? If the underlined statement is false, rewrite the sentence as a true statement. A partnership is required to calculate the aggregate value of its partners' capital accounts, which is equal to the partnership's capital account. Each partner with a % capital interest has a capital account balance. A partner's capital account balance represents the fair market value of all of the assets he/she has contributed to the partnership.
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