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XYZ Partnership is considering admitting a new partner. Prior to admission the proposed new partner is required to submit to a drug test. the proposed
XYZ Partnership is considering admitting a new partner. Prior to admission the proposed new partner is required to submit to a drug test. the proposed new partner must submit his/her asset contribution(s) to a formal audit by a CPA. the asset accounts of the existing partnership should be restated at historical value. the asset accounts of the existing partnership should be restated at current value
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