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When a new partner is admitted to a partnership by purchasing the interest of an existing partner Group of answer choices All partners will receive
When a new partner is admitted to a partnership by purchasing the interest of an existing partner
Group of answer choices
All partners will receive some part of the purchase price.
The transaction is a personal one between the purchaser and the selling partner.
The buyer receives equity equal to the amount of cash paid.
Every partners capital account is affected.
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