| Uses a capital account for each partner. | |
| Uses a withdrawals account for each partner. | |
| Allocates net income to each partner according to the partnership agreement. | |
| Allocates net loss to each partner according to the partnership agreement. | |
 | All of these. |
Wednesday, March 13, 2013
Accounting Midterm Exam ACG-2011: Question 14
Partnership accounting:
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