True or False Whenever a partnerhip is formed or a partner i

True or False? Whenever a partnerhip is formed, or a partner is admitted into an existing partnership, a number of items can be given by the new partner, including vehicles, cash, buildings, and even the debt associated with those assets!

True

False

Solution

Whenever a partnerhip is formed, or a partner is admitted into an existing partnership, a number of items can be given by the new partner, including vehicles, cash, buildings, and even the debt associated with those assets!

So above statement is True