In investment in partnership, the payment made by new partner is A) Paid to the partnership В Paid to partners (С) Paid creditors D Paid to customers
In investment in partnership, the payment made by new partner is A) Paid to the partnership В Paid to partners (С) Paid creditors D Paid to customers
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 8MC: A well written partnership agreement should include each of the following except ________. A. how to...
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What is the answer on questions 1 and 2?
Transcribed Image Text:In investment in partnership, the payment made by new
partner is
A
Paid to the partnership
B
Paid to partners
C) Paid to creditors
D
Paid to customers
Transcribed Image Text:Partner Jose decided to withdraw from the partnership he
then sold his interest to the partnership. What will be the
source of payment to Partner Jose?
A
Partners assets
B) Partnership assets
C) Partnership creditors
D
none
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