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When a new partner is admitted, all parties usually must agree to the admission. ...

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Accounting

When a new partner is admitted, all parties usually must agree to the admission.
A. True B. False
Partners are taxed on their withdrawals, not on their share of partnership income.
A. True B. False
A partnership may allocate salary allowances to the partners reflecting the relative value of services provided.
A. True B. False
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