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Townsend and Daltrey have a partnership. They wish to admit Starr as a third partner....

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Accounting

Townsend and Daltrey have a partnership. They wish to admit Starr as a third partner. The partnership agreement is silent on admission of new partners. What is the correct procedure? A. The new partner can be admitted to the existing partnership outright B. Nothing can be done that will admit the partner to the partnership. C. The new partner can be admitted to the partnership by buying all or a portion of an existing partner

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