The rules governing the allocations of liabilities to partners are contained in the regulations under code section 752 . True False
The rules governing the allocations of liabilities to partners are contained in the regulations under code section 752 . True False
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 3Q: Can a partnership assume liabilities as part of one of the partners contributions?
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The rules governing the allocations of liabilities to partners are contained in the regulations under code section 752 . True False
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