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What kind of contributions to the partnership

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Reference no: EM132737824

Problem 1: The method of admitting new partner in the partnership which involves a personal transaction between the incoming partner and the existing partner is by:

A) Consensus

B) Admission

C) Investment

D) Purchase

Problem 2: Face value is normally used to value what kind of contributions to the partnership:

A) Industry

B) Properties or non-cash assets

C) Cash

D) None of the choices

E) All of the choices

Reference no: EM132737824

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