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Prepare a written paper that discusses Accounting for Partnerships. Your paper may cover any subject area relating to Accounting for Partnerships. Suggested subject areas may include the nature of partnerships, how to account for partnership contributions, how partnerships allocate income, how partnership liquidations are handled, or any other concept of your choice that relates to the broad topic of Accounting for Partnerships. Paper must be 1-2 pages in length and have proper APA citations.
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x company a merchandising company had the following transactions during the year1 received 8175 in cash contributions
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