When a New Partner Is Admitted by Making an Investment

question 45

True/False

When a new partner is admitted by making an investment in the partnership, the old partners' capital accounts are always credited.

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Definitions:

Advertisements

Pertains to messages aimed at influencing and informing consumers about products, services, or brands through various media channels.

Social Media Marketing

Involves the use of social media platforms to promote a product or service, engaging with the audience to build brand, increase sales, and drive website traffic.

Marketing Organizations

Entities that focus on promoting and selling products or services to consumers through various strategies and channels.

Resources

Resources refer to the assets, both tangible and intangible, that an organization or individual has available for use, such as financial, human, and material resources.