Which of the following statements is correct? A. All partnerships are restricted to only two partners....
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Which of the following statements is correct? A. All partnerships are restricted to only two partners. B. The capital contributions of the partners are recorded in a single capital account. C. A credit balance in a partner's current account arises when the partner withdraws more than he/she is entitled to. D. Capital contributed by each partner may be in the form of cash or even equipment such as computers and vehicles. Which of the following statements is correct? A. All partnerships are restricted to only two partners. B. The capital contributions of the partners are recorded in a single capital account. C. A credit balance in a partner's current account arises when the partner withdraws more than he/she is entitled to. D. Capital contributed by each partner may be in the form of cash or even equipment such as computers and vehicles.
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