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Which of the following statements is true? It is not really important for a partnership agreement to be in writing. If a partnership agreement states

Which of the following statements is true?

It is not really important for a partnership agreement to be in writing.

If a partnership agreement states how profits are to be split, but not losses, then losses are split the same way as profits.

A partner must contribute cash to become a member of a partnership.

A new partner cannot buy a share of the partnership from an individual partner.

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