Does the partners' interest in net income or loss have to be proportional to their respective capital

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Does the partners' interest in net income or loss have to be proportional to their respective capital interests? Explain the composition of partnerships equity section while.

Discussing how the items (accounts) in that composition work form the standpoint of journalizing.

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College Accounting Chapters 1-30

ISBN: 978-0077862398

14th edition

Authors: John Price, M. David Haddock, Michael Farina

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Posted Date: May 26, 2023 12:45 AM

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Does the partners' interest in net income or loss have to be proportional to their respective capital

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In a partnership the partners interest in net income or loss does not have to be proportional to their respective capital interests While the partners capital interests generally determine the distrib... View the full answer

College Accounting Chapters 1-30

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