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11. Closing entries of a partnership include entries to a. record distribution of cash to the partners. b. eliminate the capital accounts and record the

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11. Closing entries of a partnership include entries to a. record distribution of cash to the partners. b. eliminate the capital accounts and record the distribution of assets to partners to effect the partnership termination and liquidation. c. close income and expense accounts to the income summary account; and then close the prots or losses to the drawing accounts. d. close the prots or losses and dividends declared accounts to retained earnings

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