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. When admitting a new partner by purchase of interest: A. every partner's capital account is affected B. the transaction is a personal transaction between
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When admitting a new partner by purchase of interest: A. every partner's capital account is affected B. the transaction is a personal transaction between the purchaser and the selling partner(s) C. the buyer receives equity equal to the amount of cash paid D. all partners will receive some part of the purchase price Step by Step Solution
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