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Which of the Following Is Correct When Admitting a New \quad

Question 128

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Which of the following is correct when admitting a new partner into an existing partnership? \quad \quad \quad \quad \quad \quad \quad  Purchase of an Interest Admission by Investment\begin{array}{ccc} \underline{\text { Purchase of an Interest}}& \underline{\text { Admission by Investment}}\end{array}
A)  Total net assets  unchanged  unchanged \begin{array}{ccc}\text { Total net assets } & \text { unchanged } &&&&&& \text { unchanged } \\\end{array}
B) Total capital  increased  unchanged \begin{array}{ccc}\text {Total capital } &&& \text { increased } &&&&&& \text { unchanged } \\\end{array}
C)  Total net assets  unchanged  increased \begin{array}{ccc}\text { Total net assets } & \text { unchanged } &&&&&& \text { increased } \\\end{array}
D)  Total capital  unchanged  unchanged \begin{array}{ccc}\text { Total capital } &&& \text { unchanged } &&&&& \text { unchanged }\end{array}

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