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Which of the following observations is not true?
Admission of a New Partner
A business procedure that involves integrating a new partner into an existing partnership, often requiring adjustments in capital and profit-sharing ratios.
Capital Contributions
Financial or property assets contributed by owners or partners to a company or partnership to maintain or increase its capital.
Consulting Business
A business that offers expert advice in a particular area, such as management, education, or marketing.
Income Tax Service
A service that involves the preparation and filing of income tax returns for individuals or entities, typically provided by accountants or professional tax preparers.
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