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Lecture Accounting (6th edition): Chapter K - Kimmel, Weygandt, Kieso
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Chapter App K - Accounting for partnerships. After completing this unit, you should be able to: Discuss and account for the formation of a partnership, explain how to account for net income or net loss of a partnership, explain how to account for the liquidation of a partnership, prepare journal entries when a partner is either admitted or withdraws.
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