Question: Question 5 ( 0 . 2 points ) When an additional partner is admitted to a partnership by contribution of assets to the partnership, the
Question points
When an additional partner is admitted to a partnership by contribution of assets to the partnership,
the total assets of the partnership do not change
no liabilities can be contributed at the same time
the amount of the cash contribution is the same as the amount of the debit to the new partner's capital account
the total of the owners' equity accounts increases
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