Question: When a new partner is admitted by contributing assets to the partnership, a . only total owners' equity of the partnership is increased. b .

When a new partner is admitted by contributing assets to the partnership,
a. only total owners' equity of the partnership is increased.
b. only total assets of the partnership are increased.
c. both total assets and total owners' equity of the partnership are increased.
d. there are no changes in either total assets or total owners' equity for the partnership.
When a new partner is admitted by contributing

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