Business, 09.09.2019 20:10 neriah30

Which of the following statements best describes accounting for a partnership?
a. a partnership may be a profit or a nonprofit entity.
b. a partnership may use federal income tax rules to account for transactions in their journals and ledger accounts.
c. a partnership's equity section contains both capital and retained earnings accounts.
d. a partnership may only distribute money through a dividend payment.

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Which of the following statements best describes accounting for a partnership?
a. a partners...

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