Question $3(1$ point$)$

Listen

Purchasing into a partnership:

a$)$ Requires no journal entries on the company books

b$)$ Requires cash to be paid to the partnership and a calculation of the bonus $($or loss$)$ to be paid to the existing owners

c$)$ Requires cash to be paid to the partnership with no change to the overall equity of the company

d$)$ Is a means to gain ownership in a partnership without changing the overall capital within the partnership

e$)$ None of the above