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Which of the following is true about a partnership? a. The old partnership ends only...

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Accounting

Which of the following is true about a partnership?

a. The old partnership ends only upon the withdrawal of a partner.

b. Only one owner is allowed in a Partnership.

c. Partnerships have an unlimited life.

d. The old partnership ends upon the acceptance of a new partner.

e. If a new partner is admitted to the partnership, the old partnership must liquidate.

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