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Which of the following is not generally written into the articles of partnership agreement? A. Rights and responsibilities of each partner B. Provisions for admitting new partners C. Amount that each partner is investing D. None of the above
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Rights and responsibilities of each partner, Provisions for admitting new partners and Amount that each partner is investing are generally written into the articles of partnership agreement. Answer is None of the above.
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Asked 7/19/2016 8:00:55 AM
Updated 4/10/2017 3:12:00 AM
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Rights and responsibilities of each partner, Provisions for admitting new partners and Amount that each partner is investing are generally written into the articles of partnership agreement. Answer is None of the above.
Added 4/10/2017 3:12:00 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [4/10/2017 3:22:54 AM]
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The first entry to liquidate a partnership would probably include A. debit to Cash; credit to Individual Assets Sold B. debit to Cash; debit or credit to Loss or Gain from Realization; credit to Individual Assets Sold C. debit to Individual Assets Sold; credit to Cash D. none of the above
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Updated 7/19/2016 8:20:08 AM
1 Answer/Comment
The first entry to liquidate a partnership would probably include - debit to Cash; debit or credit to Loss or Gain from Realization; credit to Individual Assets Sold.


Added 7/19/2016 8:20:08 AM
This answer has been confirmed as correct and helpful.
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