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Question 16 When a partner withdraws from a partnership and the remaining partners...

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Accounting

Question 16

When a partner withdraws from a partnership and the remaining partners acquire that interest

a) this may have an effect on the liquidity of the partnership

b) this will increases the clash flow into the partnership

c) this will cause all assets to be written down to offset the acquisition cost of the withdrawing partner's interest at the time of the withdraw

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