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1.The partner's capital and drawing accounts are corresponding to the corporation's Group of answer choices Revaluation surplus account Accumulated earnings account Share capital account Share

1.The partner's capital and drawing accounts are corresponding to the corporation's

Group of answer choices

Revaluation surplus account

Accumulated earnings account

Share capital account

Share premium account

2.The drawing account is debited, except for

Group of answer choices

Withdrawal of partnership's assets by the partner

Funds or claims of partnership collected and retained by the partner

Partnership obligations assumed or paid by the partner

Partner's personal indebtedness paid or assumed by the partnership

3.The partner's capital account is credited when there is a (an)

Group of answer choices

All choices are correct

Initial investment in the partnership

Share in net income of the partnership

Additional investment in the partnership

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