Question: 5. When a new partner is admitted to a partnership, there should be a(n) a. increase in the total assets of the partnership. b. new

5. When a new partner is admitted to a partnership, there should be a(n) a. increase in the total assets of the partnership. b. new capital account added to the ledger for the new partner. c. increase in the total owner's equity of the partnership. d. debit amount to the partner's capital account for the cash received by the current partner. 5. When a new partner is admitted to a partnership, there should be a(n) a. increase in the total assets of the partnership. b. new capital account added to the ledger for the new partner. c. increase in the total owner's equity of the partnership. d. debit amount to the partner's capital account for the cash received by the curren

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