K. Boo-jin has a 41,000 capital balance in a partnership (amounts in thousands). She sells her interest
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K. Boo-jin has a ¥41,000 capital balance in a partnership (amounts in thousands). She sells her interest to P. Beom-Su for ¥45,000 cash. What entry is made by the partnership for this transaction?
PartnershipA 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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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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