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The Key Difference Between a Partnership Balance Sheet and a Standard

Question 88

Multiple Choice

The key difference between a partnership balance sheet and a standard business balance sheet is that the partnership balance sheet:


A) shows the division of each asset into partners' respective interests.
B) shows each partner's capital account as a separate item.
C) shows a separate retained earnings amount for each partner.
D) includes ordinary shares but not Share capital in excess of par.

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