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State Whether the following Statement is True or False: Any change in existing agreement of partnership results in reconstitution of a firm.

State Whether the following Statement is True or False:

Any change in existing agreement of partnership results in reconstitution of a firm.

True or False

The statement is true.

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Chapter 2: Change in Profit Sharing Ratio among the Existing Partners - OBJECTIVE TYPE QUESTIONS [Page 2.97]

Chapter 2 Change in Profit Sharing Ratio among the Existing Partners
OBJECTIVE TYPE QUESTIONS | Q (B) 4. | Page 2.97

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