If the partners in Bloom Partnership, a floral design shop, want the financial statements to show the

Question:

If the partners in Bloom Partnership, a floral design shop, want the financial statements to show the procedures used to allocate the partnership profit among the partners, on what financial statement should the allocation appear?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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