Question: When a new partner is admitted by purchasing an existing partner's interest, which of the following is true? A . A journal entry is made

When a new partner is admitted by purchasing an existing partner's interest, which of the following is true?
A. A journal entry is made to record the transfer of cash from the new partner to the existing partner
B. Any existing partners must agree to admitting a new partner
C. Total assets of the partnership increases because cash is being added to the partnership
D. Total equity of the partnership increases because a new partner is admitted
When a new partner is admitted by purchasing an

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