Suppose X, and Yare two partner has 20,000 capital balance each sharing profit and loss...
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Accounting
Suppose X, and Yare two partner has 20,000 capital balance each sharing profit and loss equally agree to admit C as new partner for 40% interest in capital and profit with investment 22000$. calculate how much the new partner should pay 2667 Select one: O True False The distribution of cash to partners in a partnership liquidation is always made based on the partners' income sharing ratio Select one: True False Two proprietorships cannot combine and form a partnership. Select one: O True 0 False
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