Please answer all questions.

What is a partnership agreement? Does it have to be written down?

Calculate Partner return on equity

What do you do with the withdrawal account for each partner at the end of the term?

What is the journal entry to record the contributions of a partner?

What is the balance of equity for a partner who contributes an asset and a liability to the partnership?

Without a written agreement, how do you divide net income and losses?

Calculate income to a partner's capital account based on the ratio of capital investment.

Calculate the amount of partner's loss if they have a net loss during the year.

What happens to the partnership when a new partner is added?

What is the journal entry to record a partner leaving a partnership?

What happens when a partnership is liquidated? Mainly what happens to the liabilities?

What happens when a partner has a deficit of capital and the partnership liquidates?

Know what is meant by stocks issued, outstanding stock, common stock, preferred stock, and Authorized stock.

What is Par Value refer to?

Calculate Retained Earnings

How do you calculate Price-earnings ratio?

Journal entry when you sell shares for more than the $1 Par value. There are a few questions like this.

Know the date of declaration, date of record, and date of payment for declaring a dividend.

What is treasury stock? Calculate the balance after purchasing treasury stock, then reissuing it at a different price.

Calculate the total amount of cash dividends when given outstanding shares and the price per share.

Calculate basic earnings per share.