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  1. business
  2. accounting
  3. which of the following statements is correct? a. c

Which of the following statements is correct? A. Capital contributed by each partner may be...

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Accounting

image Which of the following statements is correct? A. Capital contributed by each partner may be in the form of cash or even equipment such as computers and vehicles. B. A credit balance in a partner's current account arises when the partner withdraws more than he/she is entitled to. C. All partnerships are restricted to only two partners. D. The capital contributions of the partners are recorded in a single capital account

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