In the partnership of ABC, B sold the partnership interest share to D. Who will receive the cash payment made by D? O partner B O the partnership O partners A, B and C O partners A and B
In the partnership of ABC, B sold the partnership interest share to D. Who will receive the cash payment made by D? O partner B O the partnership O partners A, B and C O partners A and B
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 1MC: A partnership ________. A. has one owner B. can issue stock C. pays taxes on partnership income D....
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![In the partnership of ABC, B sold the partnership interest share to D. Who
will receive the cash
payment made by D?
partner B
the partnership
partners A, B and C
O partners A and B](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F750e216b-aea6-4491-8ff2-1a52738f980d%2F76e416dc-e392-430c-ba0c-37894abbb5e2%2Flr76dzi_processed.png&w=3840&q=75)
Transcribed Image Text:In the partnership of ABC, B sold the partnership interest share to D. Who
will receive the cash
payment made by D?
partner B
the partnership
partners A, B and C
O partners A and B
![Admission of a new partner by investment will *
Increase the assets of the partnership only
none of these
Increase the capitalization of the partnership only
Increase both the assets and capitalization of the partnership](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F750e216b-aea6-4491-8ff2-1a52738f980d%2F76e416dc-e392-430c-ba0c-37894abbb5e2%2Fxn3ls4g_processed.png&w=3840&q=75)
Transcribed Image Text:Admission of a new partner by investment will *
Increase the assets of the partnership only
none of these
Increase the capitalization of the partnership only
Increase both the assets and capitalization of the partnership
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