What should a partnership appropriation account include? A. Shares of residual loss, partnership salaries, drawings, interest on

Question:

What should a partnership appropriation account include?

A. Shares of residual loss, partnership salaries, drawings, interest on partners' loans

B. Shares of residual loss, partnership salaries, interest on partners' bans

C. Shares of residual profit, partnership salaries, drawings, interest on capitals

D. Shares of residual profit, partnership salaries, interest on drawings, interest on capitals.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

See More Books

Question Posted: Sep 17, 2021 01:41 AM

See More Questions

What should a partnership agreement include?
A and B are equal partners in a personal services partnership. Each partner acquired her partnership interest for cash several years ago. None of the partnerships asset sis Section 704(c) property....
On December 31, 2011, John owns a 50% partnership interest in which he has a $300,000 tax basis and no amount at risk. The calendar year partnership has one activity. In earlier years, John deducted...
Given an array, Arr[] of integer numbers have size N. The task is to find out single or consecutive numbers from Arr[] with 0 sum. When found, print "1" otherwise "0". Example-1: Input: 4 (6,-2,3,-1)...
1. Describe the microcultures that Flight 001 is targeting with the product lines that it sells? 2. How does Flight 001 reach customers in these microcultures? Brad John and John Sencion, co-founders...
Atlas Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 2014: Retained earnings, February 1, 2013 . . . . . . . . . . . . . . . . . ....
A toroid has 250 square windings carrying a current of $3.0 \mathrm{~mA}$. Each side of each square winding is $50 \mathrm{~mm}$ long, and the distance from the toroid center to the inner surface...
During the war with Iraq in 1991, the Terraco Motor Company produced a lightweight, allterrain vehicle code-named "J99 Terra" for the military. The company is now planning to sell the Terra to the...
When an object is placed between the pole(P) and focus(F) of a concave mirror, the image formed is (i) behind the mirror (ii) virtual and erect and (iii) larger than the object (or magnified) M A' E...
You work in the human resources department of your company helping new employees fill out the necessary paperwork to get their first paycheck. There are a number of decisions that employees must make...
A firm has calculated the following accounting ratios for the year ended 30 June. What could explain the changes in the percentages? A. A fall in interest payments was equal to an increase in...
Which actions would increase the liquid (acid test) ratio of a business in the short term? i. Trade receivables paying Their debts ii. Paying trade payables iii. Selling a number of surplus...
Several years ago, Brian formed Sigma Corporation, a retail company ineligible for the U.S. production activities deduction. Sigma uses the accrual method of accounting. In 2017, the corporation...
An Olympian archer does 40 joules of work to pull her arrow back to be ready to shoot. What would be the ideal kinetic energy of the arrow when it is launched?
Explain what happens to the ion energy as the pressure is increased in a plasma etching system, and how does the etching profile of the etched structures change if the material is etched at a high...
Referring to the article "An Introduction to Embedded Systems and IoT" at http://www.inforcecomputing.com/blog/introduction-embedded-systems-iot/: What does IoT mean for an embedded developer?
Consider a coastal economy served by two (2) fishing firms. There is only one type of fish that is harvested. All firms send their boats out at the same time and they compete on quantity. Demand...
Consider the following three investors, and all investors hold CP: (1) Series A: $6M APP or converts to 10M shares. (2) Series B: $12M APP or converts to 10M shares. (3) Series C: $10M APP or...
Explain how efficiency and price or rate variances for direct labor can be closely interrelated.
Several months have passed and the Managing Partner approved and properly filed the Complaint and properly submitted the Request for Production of Documents that you drafted. In fact, it has been 75...
Discuss the role of data governance at Keurig Green Mountain.
What management, organization, and technology issues had to be addressed in order to establish enterprise-wide data governance?
What were the business benefits of data governance for Keurig Green M ountain?
Multichained Stores Ltd., Delhi has its branches at Lucknow and Madras. It charges goods to its branches at cost plus 25%. Following information is available of the transactions of the Lucknow branch...
What is Data Warehouse Why we need Data Warehouse What are the benefits (and maybe disadvantages) of Data Warehouse Description of the leading solution of Data Warehouse
Laural Company paid USD 840,000 cash for real property consisting of a tract of land and a building. The company intended to remodel and use the old building. To allocate the cost of the property...

What should a partnership appropriation account include? A. Shares of residual loss, partnership salaries, drawings, interest on

Question:

Step by Step Answer:

A partnership appropriation account should include the following items C Shar...View the full answer

Accounting For Cambridge International AS And A Level

Students also viewed these Business questions