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Which of the items is not collectible from a partner

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Reference no: EM133001032

Problem 1: The life of a partnership ends when

a. It changes its business name

b. Unlimited liability exists

c. A new partner is admitted to the partnership

d. The partnership incurred substantial losses

Problem 2: Which of the following items is not collectible from a partner?

a. Loans receivable from partner

b. Loans to partner

c. Loans from partner

d. Due from partner

 

Reference no: EM133001032

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