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Regardless of the Value of the Population Proportion,π,(with the Obvious

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Regardless of the value of the population proportion,π,(with the obvious exceptions of π = 0 and π = 1)the sampling distribution for the sample proportion,p,will be approximately normally distributed providing that the sample size is large enough.

Understand how the admission of a new partner by contributing assets or buying an interest affects the partnership's owners' equity.
Understand the process and implications of admitting a new partner into a partnership.
Learn the calculation and distribution of capital balances following the admission of a new partner.
Comprehend the liquidation process of partnerships including asset distribution and liability payment.

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