How is the accounting for admission to a partner- ship by purchase of a partner's interest different

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How is the accounting for admission to a partner- ship by purchase of a partner's interest different from the accounting for admission by an investment of assets in the partnership? In your explanation, also include how the net assets and total capital change after the admission of a partner in each of these two ways.
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Accounting Principles

ISBN: 978-1119048473

7th Canadian Edition Volume 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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