When a new partner who has been the sole owner of a business is admitted to a
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When a new partner who has been the sole owner of a business is admitted to a partnership by having the partnership take over the old business, what usually serves as the basis for preparing the opening entry?
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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