What are partner equities? Why are partner equities rather than partner capital balances used in the preparation

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What are partner equities? Why are partner equities rather than partner capital balances used in the preparation of safe payments schedules?

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Oct 15, 2011 10:36 AM

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What are partner equities? Why are partner equities rather than partner capital balances used in the preparation

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Capital balances represent one factor in determining a partners equity but loans and ...View the full answer

Advanced Accounting

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